HANOI (Reuters): The board of directors of Vietnam's Vingroup has approved a plan to raise up to US$350 million through the sale of bonds on a foreign stock exchange, a filing with the Ho Chi Minh Stock Exchange said on Friday.
Some further details from the filing are:
* The bonds are expected to have a coupon rate of 5.75%.
* The USD-denominated bonds will have a maturity of 5 years.
* The bonds are expected to be listed on the Vienna Stock Exchange in Austria.
* The bonds are expected to be issued in the second quarter.
