VinGroup to sell more international bonds

07-Jun-2012 Intellasia | VIR | 7:01 AM Print This Post

Hospitality services provider VinGroup (VIC) will be able to sell additional bonds on the Singapore Stock Exchange worth up to $115 million instead of $65 million as allowed before.

According to a contract it reached with Credit Suisse Singapore Limited on March 27, the Singapore-based company completed the purchase of bonds totalling $185 million last month. It was entitled to purchase up to additional $65 million.

However, due to the demand of international investors, the State Bank of Vietnam decided to let Vingroup sell more bonds on the grounds that the sale of bonds would not be conducted later than July 10.

 


Category: Stocks

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