VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
Liên Đoàn Thương Mại Và Công Nghiệp Việt Nam
Thu, Mar 19, 2020, 10:36:00
Lender Vietcombank is set to issue VND6 trillion ($256 million) worth of bonds this year to fund operations.
They will have a maturity of five years and a coupon rate of 5.4 percent, and will be issued via private placement.
State-owned Vietcombank, the largest commercial bank by market capitalization in the country, last year reported pretax profit growth of 26 percent to VND23.15 trillion ($988 million).
It targets 15 percent growth this year.
Vietnam’s corporate bonds issuance last year rose 25 percent to VND280.14 trillion ($12 billion), with 41 percent of them from banks, according to top brokerage SSI Securities Corporation (SSI).
