VietNamNet Bridge - The seventh issuance of the Electricity of Vietnam's bonds in 2006 proved to be successful with 75% of the issued bonds bought by foreign investors.

A representative of Deutsche Bank, EVN consultant, made the affirmation at a press conference in Hanoi on November 7, Deputy General Director of EVN Dinh Quang Tri said EVN issued 10-year bonds worth a total of 1 trillion VND (around US $62.2 million).

The success of this issuance will make EVN confident in its long-term bond issuance programme to mobilise investment for development of new electricity infrastructure until 2010, Tri said.

Foreign investors rushed in to buy EVN bonds thanks to a simple method in which they registered at Deutsche Bank and the bank will make their deposits in Vietnam. The interest rate of the bonds will be paid in Vietnamese dong and transferred into their personal accounts at Deutsche Bank.