Vincom to Issue Convertible Bonds

Vincom Joint Stock Co., a Vietnamese real estate development company, plans to raise at least $80 million by selling three-year and five-year convertible dollar- denominated bonds.

The bonds will carry a coupon as high as 7% a year, the report said. The Hanoi-based company plans to start selling the bonds in the third quarter and complete the sale by the end of the year.