State-owned Vietnam Steel Corp. aims to raise 400 billion dong (nearly $25 million) in a dong bond issue scheduled for May 10, bond underwriter Vietcombank said on Friday.
The 5-year bonds, with a face value of 100,000 dong, would carry an annual coupon of 9.5%, Vietcombank said in a statement.
Vietnamese companies have been switching to bonds as bank loans usually carry an annual interest of 12 to 15%.
Source: Reuters
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment