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Vietnam developer Vincom to sell $150 mln int’l bond 2009-11-05 - Reuters

Vietnamese developer Vincom plans to raise up to $150 million through a debut international bond issue to fund property projects, state media reported on Wednesday.

The Tuoi Tre (Youth) daily quoted the company as saying it had hired Credit Suisse to underwrite the bonds, which would be sold in November and listed on the Singapore stock exchange.

The five-year bonds would have a face value of $100,000.

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

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