SSI issues $50m bond to a foreign investor

Saigon Securities Inc (SSI) issued convertible bonds worth a total VND1.15 trillion (US$50.4 million), the company said on Friday.

SSI did not disclose the buyer’s information but according to ndh.vn, the bonds, maturing in three years with the coupon rate of 4 per cent per year, were issued to a foreign institution.

This institution will help SSI expand its network to international markets, in line with the company’s long-term development strategy, the source said. At present, foreign capital accounts for 52.57 per cent of its capital source.

SSI is the top brokerage company in Viet Nam’s stock market with total assets of over VND18.76 trillion by the end of 2017, up 34 per cent year-on-year.

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