Vietnam National Shipping Lines (Vinalines), the largest State-owned shipping and port operator in the country, on August 16 finalised issuing 1 trillion VND (52.08 million USD) worth of bonds.
The senior unsecured bonds will have a maturity of three years. They will carry an annual coupon rate of 14.5 percent in the first year and an average 12-month deposit rate in addition to 3.5 percent per annum payable in the second and third years.
The bond issuance will raise capital for new development projects.
Standard Chartered is the sole arranger and book runner for the bond issue./.
The senior unsecured bonds will have a maturity of three years. They will carry an annual coupon rate of 14.5 percent in the first year and an average 12-month deposit rate in addition to 3.5 percent per annum payable in the second and third years.
The bond issuance will raise capital for new development projects.
Standard Chartered is the sole arranger and book runner for the bond issue./.
