A subsidiary of Vietnam's largest shipbuilding group will issue two-year corporate bonds next week to raise 200 billion dong ($12.4 million) for building vessels for export, a company statement said on Thursday.
State-run Nam Trieu Ship Industry Company, controlled by Vietnam Shipbuilding Industry Group, would issue the domestic dong bonds on April 24, the statement said.
The debt is underwritten by Vietnamese stockbroker International Securities Co. and carries an annual coupon of 8.95%.
Given the short maturity, the debt will not be listed for trade on the main stock market , which has listed around 400 types of government bonds and convertible bonds issued by state-run Vietcombank
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