Real estate firm Vincom issues 1trillion VND in bonds

Property developer Vincom Joint Stock Company on October 22 issued bonds worth 1 trillion VND (62.5 million USD) with a face value of 1 billion VND per bond at a yearly yield rate of 10.3 percent.

The Bank for Investment and Development of Viet Nam (BIDV) and the Australia and New Zealand Banking Group Limited (ANZ) are underwriting the bond issuance.

The purchase rate for foreign investors was capped out 30 percent.

The raised funds will be used for a project to build a centre for trade, services, hotel, offices, apartments and an underground car park in HCM City ’s district 1.

VNA

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