Vingroup official bond issuance debuts on Singapore Exchange
Vingroup official bond issuance debuts on Singapore Exchange
The international bonds issued by real estate giant Vingroup (VIC) at the beginning of this month hit the Singapore Stock Exchange on Thursday.
Vingroup debuted on the international debt capital market with a US$200 million issuance of 4.5 year bonds, which were snapped up by more than 100 investors.
In the first nine months of this year, Vingroup earned more than VND11.6 trillion ($552.38 million), an increase of 129 per cent over the same period last year and 95 per cent of the company's annual goal.
After-tax profits in the nine-month period reached VND6.05 trillion ($288.09 million), up 311 per cent over last year.
A majority of the group's turnover in the third quarter came from apartment sales at its two major projects, Royal City and Times City in Ha Noi.
The group's other businesses also performed well, including office leases (up 44 per cent), hotels (up 31 per cent) and healthcare services (up 81 per cent).
The total asset value of Vingroup was estimated at VND61.58 trillion ($2.93 billion), VND5.756 trillion ($274.09 million) higher than the end of 2012.
Each share of the HCM City-listed company currently sells for VND66.500 ($3.12).
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