SDFC issues 500b dong corporate bonds

Vietnam Prospect Bank Securities Co (VPBS) announced that the company already finished issuing 500 billion dong corporate bonds for Song Da Financial Joint Stock Co.

The corporate bonds have three-year terms, with fixed coupon rates for the first year of 13.5 percent per year.

The coupon rates for the following years will be at floating rates, to be calculated by the average value of interest rates for dong depositors with terms of 12 months released by four largest banks in Vietnam plus amplitude of 2.75 percent per year.

The company expected to improve the financial capacity and supplement capital for in-progress projects as well as expand the operation sections via this bond-issuance.

 

Category: Stocks