Vincom Joint Stock Co, Vietnam's leading real estate developer, said on March 6 that it aims to raise up to US$300 million through an issue of convertible bonds in international markets.
The board of the Hanoi-based company has approved the sale of five-year bonds and will decide on the timing of the issue later, depending on market conditions, Chairman Pham Nhat Vuong said in a statement on March 5.
He did not say which market the company will target, but said the bonds will be listed overseas.
Proceeds will be used for investment projects and to supplement working capital, according to the statement on Vincom's website (vicom.com.vn).
Vincom shares were up 3.64 percent at VND114,000 (US$5.5) at 0224 GMT. (US$1=20,810 dong).












