|VietCapital Securities Corp (VCSC) will sell VNĐ1.2 trillion (US$51.6 million) worth of bonds in 2020-21 to fund business activities and restructure debts.— Photo cafef.vn|
HÀ NỘI — VietCapital Securities Corp (VCSC) will sell VNĐ1.2 trillion (US$51.6 million) worth of bonds in 2020-21 to fund business activities and restructure debts.
The bonds will be sold in two phases. The first half of the package will be sold from November 2020 to January 2021 and the second half will be offloaded in June-August 2021.
The bond is due in 24 months with the annual interest rate of 7-9 per cent.
Income raised from bond issuance will be spent funding the proprietary trading and margin lending. Revenue and income from margin lending, proprietary trading and stock broking will help the firm settle interest with buyers.
Since the beginning of 2020, VCSC has settled VNĐ1.24 trillion worth of bonds and VNĐ103 billion worth of bond interest. After nine months, the company posted VNĐ419 billion worth of post-tax profit and a 10 per cent return-on-equity (ROE) ratio.
VCSC shares, listed on the Hồ Chí Minh Stock Exchange with code VCI, were flat at VNĐ38,900 apiece on Friday. — VNS