SBV allows Saigon-Hanoi Bank to issue 1.5tr dong convertible bonds

VNStockNews.com - Governor of State Bank of Vietnam (SBV) has allowed Saigon-Hanoi Commercial Joint Stock Bank (SHB) to issue convertible bonds on November 9, 2009.

As per the decision, SHB would be eligible for issuing convertible bonds in 2009 with total face value of 1.5 trillion dong. The State Bank of Vietnam required that when the bonds were converted into shares for increasing the bank's chartered capital, SHB would have to follow all the necessary procedures in accordance with SBV's regulations about shareholders, stocks, chartered capital and other relating documents.