VietABank issues over 2.7m convertible bonds

VNStockNews.com - Viet A Commercial Joint Stock Bank (VietABank) announced to issue 2,719,670 convertible bonds with par value of 100,000 dong. The bonds have coupon rate of 10 percent per year.

The bank needs to raise 271.976 billion dong for supplementing the working capital for business activities.

The registration deadline to close the list of shareholders for buying warrants and ex-interest session was December 12.

The bank's shareholders may register for buying the bonds from December 15, 2009 to January 15, 2010.

Up to July 31, 2009, VietABank has total 50 transaction offices and branches nationwide with total outstanding loans of 8.47 trillion dong, and pre-tax profit of 154 billion dong.