Sacombank rises on plan to sell securities in dong

VNStockNews.com - Saigon Thuong Tin Commercial Joint Stock Bank. (Sacombank), the fourth-biggest company on the Ho Chi Minh Stock Exchange, rose on plans to sell fixed- and floating-rate bonds denominated in dong.

The Ho Chi Minh City-based lender plans to sell fixed-rate bonds, maturing in 2011 and floating-rate notes, due in 2012, according to a person familiar with the transaction, who declined to be identified before a public announcement.

Australia & New Zealand Banking Group Ltd. and Citigroup Inc. will help manage the sale with Sacombank Securities Co, the person said.