SSI issues $50m bond to a foreign investor

SSI is the top brokerage company in Việt Nam’s stock market with total assets of over VNĐ18.76 trillion by the end of 2017. — Photo cafef.vn

Viet Nam News

HÀ NỘI – Saigon Securities Inc (SSI) issued convertible bonds worth a total VNĐ1.15 trillion (US$50.4 million), the company said yesterday.

SSI did not disclose the buyer’s information but according to ndh.vn, the bonds, maturing in three years with the coupon rate of 4 per cent per year, were issued to a foreign institution.

This institution will help SSI expand its network to international markets, in line with the company’s long-term development strategy, the source said. At present, foreign capital accounts for 52.57 per cent of its capital source.

SSI is the top brokerage company in Việt Nam’s stock market with total assets of over VNĐ18.76 trillion by the end of 2017, up 34 per cent year-on-year. – VNS

Tags vietnam stock market Bond SSI

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