Vietnam bond market is recoverying, Vietnam Banking News
Vietnam Business » Vietnam Banking News » Vietnam bond market is recoverying
Since the end of 2008, many large companies have sold corporate bonds, including VND1 trillion by Vinpearl Tourism and Trading JSC, VND3 trillion by Vietnam Shipbuilding Industry Corp. (Vinashin), VND3.5 trillion by Electricity of Vietnam Group (EVN) and VND700 billion by Kinh Bac City Development Share Holding Corp.
The corporate bond market of Vietnam is showing signs of recovery after recent successful issues and a large number of local banks revealed their plans to issue more bonds from now through early next year. Saigon Thuong Tin Commercial JS Bank (Sacombank) will sell VND3 trillion ($168.2 million) in bonds in the third quarter of this year, and Saigon Commercial JS Bank (SCB) plans to raise VND1 trillion from issue of convertible bonds in the first quarter of 2010. Sacombank and the Bank for Investment and Development of Vietnam (BIDV) have recently sold VND2 trillion and VND1.362 trillion worth of 2-year and 10-year bonds, respectively.
Vietnam Business And Financial News Network. Source [vcci]
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