SSI issues $50m bond to a foreign investor

February 10, 2018 - 10:00

Saigon Securities Inc (SSI) successfully issued convertible bonds worth total VNĐ1.15 trillion (US$50.4 million), the company said on February 9.

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

Sacombank wins nine awards from card organisations

bizhub

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

bizhub

Taiwan and Việt Nam collaboration in the water treatment sector is promising prosperity

More on this story

bizhub

Vissan profit rises 12 per cent

Leading food processor Vissan Joint Stock Company reported pre-tax profit of VNĐ165.7 billion ($7.29 million) on revenues of VNĐ3.9 trillion (US$171.78 million) for last year, an increase of 12 per cent and 6 per cent, its general director said.

bizhub

THACO gifts car to Việt Nam’s Korean U23 football coach

THACO Chairman Trần Bá Dương handed over a white Kia Optima 2.0L GAT car to Park Hang Seo, head coach of Việt Nam U23 football team, on February 8, at THACO's Phạm Văn Đồng KIA Showroom in Hà Nội.

bizhub

PNJ wins Asia’s Best Report on Sustainable Development Goals award

Phú Nhuận Jewelry Joint Stock Company has won the award for Asia’s Best Report on the Sustainable Development Goals at the 2017 Asia Sustainability Reporting Awards (ASRA) ceremony in Singapore on February 6.

bizhub

Samsung Electronics builds toilets for Bắc Giang schools

Samsung Electronics Việt Nam has funded the construction of standard toilets completed with water purification systems for 26 elementary and secondary schools in the northern province of Bắc Giang.

bizhub

4-star hotel opens in Bình Dương

Bcons Construction Investment joint Stock Company on Wednesday opened a four-star hotel in the southern province of Bình Dương.

bizhub

Novaland reports 24 per cent growth in profits

Real estate developer Novaland Group has reported a 24 per cent growth in after-tax profit to over VNĐ2 trillion (US$87.7million) in 2017.

bizhub

Vietnamobile allows customers to choose their own numbers

Vietnamobile Telecommunications Joint Stock Company is offering customers more freedom in choosing their mobile numbers after the successful launch of its unlimited data SIM cards, “Thánh SIM”.

bizhub

Emirates introduces limited-period special New Year menu

Emirates’ travellers are in for a treat this February. The airline is offering a specially curated selection of Tết (Vietnamese Lunar New Year) goodies.

bizhub

Applications open for MIST programmes

Destination Mekong and Mekong Business Initiative on Wednesday announced their 2018 Mekong Innovative Startups in Tourism (MIST) business support programmes.