SSI issues 50 million USD bond to a foreign investor

SSI is the top brokerage company in Vietnam’s stock market with total assets of over 18.76 trillion VND by the end of 2017. (Photo: cafef.vn)` Hanoi (VNA) – SaigonSecurities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4million USD), the company said on February 9.SSI did not disclose the buyer’sinformation but according to ndh.vn, the bonds, maturing in three years withthe coupon rate of 4 percent per year, were issued to a foreign institution.This institution will help SSI expand itsnetwork to international markets, in line with the company’s long-termdevelopment strategy, the source said. At present, foreign capital accounts for52.57 percent of its capital source.SSI is the top brokerage company in Vietnam’sstock market with total assets of over 18.76 trillion VND by the end of 2017,up 34 percent year-on-year. – VNA

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