Vietnam's REE to raise VND557.85 billion selling bonds to Jardine Cycle & Carriage's unit

Refrigeration Electrical Engineering Corp. (REE.VH) said Tuesday it will raise 557.85 billion dong ($26.5 million) by selling convertible bonds to Platinum Victory Pte. Ltd. in a private placement.

The company said in a statement it will sell the three-year dong-denominated bonds with an annual coupon of 6% to the unit of Jardine Cycle & Carriage Ltd.

REE said the bonds can be converted into common shares after one year, adding it will use the proceeds for investment projects.

foxbusiness

>   VLF: Report on result of stock issuance (20/11/2012)

>   REE to issue convertible bonds to foreign partner (19/11/2012)

>   PHS: Increasing charter capital (19/11/2012)

>   PHS: Increasing charter capital (16/11/2012)

>   VLF: Increasing charter capital (16/11/2012)

>   HBC: Hoa Binh Corp to issue shares to its employees (15/11/2012)

>   BHS: BSJC discloses result of ESOP 2012 (15/11/2012)

>   Phu Hung Securities Corporation: Change in charter capital (15/11/2012)

>   NTW: Results of seasoned issue (13/11/2012)

>   VCSC: VCSC increases charter capital (13/11/2012)