Vinacomin completes bonds issue worth 1.5 trillion VND

Citibank Vietnam and the Vietnam Coal-Mineral Industries Group (Vinacomin) said on May 26 that they have completed their second issue of 1.5 trillion VND bonds.

Vinacomin Director General Tran Xuan Hoa said the bonds will help his group to mobilise capital from a variety of channels and enable it to develop in a stronger manner to serve the country’s growing demand for energy.

According to Citibank, this issue was the second largest on the internal bond market since its re-opened earlier this year.

Citibank was the sole arranger of Vinacomin’s first bond issue worth 1.5 trillion VND in 2007.

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