Vincom to sell $100 mln convertible bonds

VNStockNews.com - Vietnam's property developer Vincom Joint Stock Co. (VCI) 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%, the source told Reuters, adding Credit Suisse 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.