Vincom bonds sold out
10-MAY-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 9
May 10, 2008 - 7:00:00 AM
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STC listed firm Vincom Joint Stock Co reported on May 7 that its first corporate bond sale gained success with two trillion dong in bonds were sold out under the consultancy of Agribank Securities Co.
The bonds issued on May 6, 2008 have a term of five years and a face value of one billion dong each. The coupon rate for the first year is 16% per annum and that of following years is calculated based on one-year deposit rate of four banks (Agribank, Vietcombank, Bidv and Vietinbank) plus 4% per annum. The coupon rate payment will be implemented on May 6 every year.
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