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Plastic firm sells bonds to Japanese investor

Update: December, 20/2012 - 10:00

HA NOI (VNS)— Dong A Plastics Group (DAG) will sell VND40 billion (US$1.9 million) worth of convertible bonds to strategic partner Japan South East Asia Growth Fund LP, under an agreement signed on Tuesday. Dong A earlier announced plans to sell a total of VN?53.5 billion ($2.5 million) worth of bonds and is expected to sell the remaining VND13.5 billion ($642,800) to another investor. The bonds will have a three-year term and will pay a yield of 3 per cent.-VNS

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