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VNT issues convertible bonds to SCIC

Mar 31st at 14:15
31-03-2016 14:15:15+07:00

VNT issues convertible bonds to SCIC

VNT Logistics JSC issued 720,000 two-year convertible bonds to Japanese Mitsui Wharf and State Capital Investment Corporation (SCIC) on Monday.

 

Among the total bonds worth VND100,000 (US$4.5) each, the Japanese logistics company took 420,000 and SCIC took 300,000. At the date of maturity, one bond will be converted to 4.08 shares.

VNT, based in Ha Noi, said the total VND72 billion from the bonds would be invested in its subsidiaries and affiliate companies in Hai Phong.

VNT reported a revenue of VND779 billion, an increase of 11 per cent from 2014.

On March 30, VNT shares ended at VND34,000 each on the Ha Noi Stock Exchange.

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