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
EVN to issue $22 million in bonds (16-03-2006) HA NOI — Electricity of Viet Nam (EVN) plans to issue bonds in the amount of VND350 billion (US$22 million) during March 20-24 to raise funds for hydroelectric projects, said Dang Phan Tuong, head of the corporation's equitisation board. The bond issue is part of a plan to mobilise VND2-3 trillion ($126-189 million) for power projects for this year, and it is viewed as a watershed for the State-owned utility to issue bonds on the international financial market. EVN bonds will have a face value of VND100,000 ($6.25) with a five-year term.…... [read more]
The Singapore-based Golden Gate Ventures has recently announced its decision to invest 50 million USD in Southeast Asia. The Today Singapore cited Vinnie Lauria, Managing Partner of the company, as saying it has mobilised an initial 35 million USD of the fund from a range of prominent investors, including Singaporean government fund Temasek Holdings and Facebook co-founder Eduardo Saverin. The overall investment will be distributed to acquiring shares in tech companies across the region. Lauria said part of the attraction for Temasek is the access the new fund will give to a range of early-stage investments which will help it…... [read more]
(VOVworld) - The UN Fifth Committee (Administrative and Budgetary) approved by consensus Tuesday a draft resolution to provide nearly 50 million USD for United Nations operations to control the Ebola outbreak. The newly established United Nations Mission for Ebola Emergency Response (UNMEER) is already operating in West Africa with more than 50 staff members. UN General Assembly President Sam Kutesa said the resolution demonstrates the organization's ability to deliver on pressing global issues and the fact that the Ebola outbreak carries serious economic, social and security consequences, particularly in West Africa. UNMEER teams have already been deployed to the Mission's…... [read more]
SCB permitted to sell over 50% of shares to foreign investors Thao Nguyen Shareholders vote to elect board members at SCB’s shareholder meeting on April 18 - PHOTO: COURTESY OF SCB HCMC - Saigon Joint Stock Commercial Bank (SCB) said on April 18 it had received approval from the central bank to sell more than 50% of its shares to foreign investors. Speaking at the bank’s general meeting in HCMC, CEO Vo Tan Hoang Van confirmed the central bank’s approval for the share sale and said the bank is in talks with foreign partners. “SCB is in negotiations with foreign…... [read more]
Habubank is going to issue 10 million USD worth of bills of exchange (BOE) on Sep. 18, the second time this year. Accordingly, two type of BOE with durations of 7 months and 11 months will be offered to the public within 60 days at minimum price of 200 USD for individuals and 10,000 USD for organisations. Annual interest rate, which is at 5.4% (seven-month BOE) and 5.55% (11-month BOE), will be settled at converting time. Also, customers are said to be able to mortgage, discount or transfer BOEs to a third person for private purposes. Payment, including the origin…... [read more]
