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Vinacomin sets dong issuance record

Oct 5th at 15:56
05-10-2013 15:56:44+07:00

Vinacomin sets dong issuance record

The Viet Nam National Coal and Mineral Industries Corporation recently announced it had successfully sold VND5 trillion (US$235.8 million) worth of five-year bonds with a floating interest rate.

The issuance attracted many investors, including commercial banks, financial firms, insurers and securities companies.

The corporation's deputy general director, Nguyen Van Bien, said the issuance had helped his company raise a large amount of capital at a low cost in a short period of time. This is the largest issuance in dong ever made by a state-owned enterprise.

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