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Vietnam Expressway receives no bids in VND 1 trillion bond auction
By Richard Connell
New York, Sept. 23 - The Vietnam Expressway Corp. received no bids in its auction for VND 1 trillion of corporate bonds held in two tranches on Wednesday.
Offered were a VND 500 billion tranche of three-year bonds due Sept. 25, 2012 with a ceiling yield of 10% and a VND 500 billion tranche of five-year bonds due Sept. 24, 2014 with a ceiling yield of 10.5%.
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