SHS to issue $11.5 million in bonds

Sai Gon-Ha Noi Securities Joint Stock Company (SHS) this year will issue VND250 billion (US$11.5 million) in bonds under private placement with a maturity of two years and a face value of VND1 billion ($46,300) each.

The interest rate for the bonds will run from 8.5 to 9.5 per cent per year in the first six months, and will follow the reference interest rate thereafter.

The company plans to issue bonds between the second and third quarters of this year in order to increase funds to create more loans for margin trading.

SHS this year plans to issue VND1-1.2 trillion ($46.3-55.5 million) of bonds in various packages.

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