Vietnam's property firm to sell $100 mln conv bonds-source

Mon Nov 16, 2009 2:23am EST
 
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SINGAPORE, Nov 16 (Reuters) Vietnam's property developer Vincom VCI.HM plans to sell $100 million of five year convertible bonds, a source briefed on the plan said on Monday.

The bonds are being marketed to investors at a yield of 5-6 percent, the source told Reuters, adding Credit Suisse (CSGN.VX) is handing the deal. These bonds will be listed on the Singapore Exchange.

Vincom operates luxury resorts, shopping malls and high-end condominium projects in Hanoi, Danang, Nha Trang and Ho Chi Minh City.

(Reporting by Saeed Azhar; Editing by Kazunori Takada)

 

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