Vietinbank prepares overseas bond issuance

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VOV News English - 33 month(s) ago 6 readings 2 duplicate news

Vietinbank prepares overseas bond issuance

(VOV) - The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) is planning a series of road shows in major foreign markets to prepare for issuing overseas bonds.

Vincom group plans US$300 mln overseas bond sale

The road shows will introduce this investment opportunity and will begin on March 19, travelling to Singapore, Hong Kong and London, as well as Boston, New York, Los Angeles and San Francisco in the US.

Deputy Director of Vietinbank Le Duc Tho said the bank will meet potential investors through the road shows, then fix the price of the bonds and issue an appropriate volume.

The issuance of overseas bonds aims to mobilize mid-and-long term capital resources to meet the demand for business capital in Vietnam, develop new projects and upgrade Vietinbank’s status in the global financial market.

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