VIC issues $115m convertible bonds

Vingroup Group Joint Stock Co (coded VIC) announced that the company has finished issuing successfully additional convertible bonds valued at $125 million. These are the non-asset guaranteed international corporate bonds with terms of five years in US dollars. The coupon rates would be 5 percent per year.

The yield is supposed to be paid periodically every six months while the principal to be paid once at due date. Those bonds would be listed on the Singapore Stock Exchange after the issuance.

The applied converting price is posted at 88,000 dong per share this time. Meanwhile, in the previous issuance, the converting price was 112,200 dong per share.

In June 2012, the company would pay dividend on shares at applied rate of 27.5 percent or each shareholder who owns 1,000 shares would receive 275 new shares.

 

Category: Stocks