PetroVietnam Finance Co., known as PVFC, received regulatory approval to sell bonds this year, according to a statement posted on the central bank's Web site.
The Hanoi-based company has permission from the State Bank of Vietnam to raise 1.6 trillion dong ($96 million) from the sale of debt, the statement said, without providing a time frame.
The yield on the bonds will be fixed by the company to conform with regulations set by the central bank, the statement said, without elaborating.
Aug 19, 2008
PetroVietnam Finance to Sell Bonds This Year, SBV Says
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