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Standard Chartered issues bonds for Masan

Update: December, 13/2014 - 09:53
Chin-Su fish sauce, a brand of Masan Consumer Corporation. Standard Chartered Bank Vietnam Limited has issued the first 10-year bonds worth $100 million for the enterprise. — Photo
HA NOI  (VNS) — Standard Chartered Bank Viet Nam Limited on December 9 announced that it has issued the first 10-year bonds worth VND2.1 trillion (US$100 million) for Masan Consumer Corporation.

Standard Chartered's bonds are guaranteed by the Credit Guarantee and Investment Facility (CGIF) of the Asian Development Bank (ADB).

Nirukt Sapru, general director of Standard Chartered Bank Viet Nam, said the bonds have a fixed interest rate of eight per cent, and this is the best interest rate for 10-year corporate bonds in the private sector in Viet Nam. — VNS

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