Updated  
November, 18 2013 09:05:53

Vingroup official bond issuance debuts on Singapore Exchange

Buyers at Vingroup's Vincom Mega Mall Royal City. 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. — VNA/VNS Photo Tuan Anh

HA NOI (VNS)— 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). — VNS


Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

Ha Noi hospital-goers beat heat with free water 1    Ha Noi hospital-goers beat heat with free water

By the time Nguyen Thi Thung, grey-haired and sporting traditional ba ba brown clothes, stops her motorbike near the gates of Ha Noi Cancer Hospital, patients, relatives and street vendors holding empty bottles are already queued up.

Vietnam Airlines launches new-generation Airbus plane Vietnam Airlines launches new-generation Airbus plane

The national flagship carrier Vietnam Airlines held a ceremony on July 2 to receive its first Airbus 350-900 aircraft and announce its upgrade service quality programme and new brand identifying system, marking a major step in bringing the airline into the international arena.

Prime Minister awards merit certificate to swimmer Vien 1    Prime Minister awards merit certificate to swimmer Vien

Nguyen Thi Anh Vien received a Labour Order third class, and a merit certificate from Prime Minister Nguyen Tan Dung on Monday.

Wounds begin to heal between US, Viet Nam Wounds begin to heal between US, Viet Nam

Pham Ba Lu swore thousands of times that he "would not live under the same sky as the United States".