SSI issues 50 million USD bond to a foreign investor

Saigon Securities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4 million USD), the company said on February 9.

SSI is the top brokerage company in Vietnam’s stock market with total assets of over 18.76 trillion VND by the end of 2017. (Photo: cafef.vn)`

SSI is the top brokerage company in Vietnam’s stock market with total assets of over 18.76 trillion VND by the end of 2017. (Photo: cafef.vn)`

SSI did not disclose the buyer’s information but according to ndh.vn, the bonds, maturing in three years with the coupon rate of 4 percent per year, were issued to a foreign institution.

This institution will help SSI expand its network to international markets, in line with the company’s long-term development strategy, the source said. At present, foreign capital accounts for 52.57 percent of its capital source.

SSI is the top brokerage company in Vietnam’s stock market with total assets of over 18.76 trillion VND by the end of 2017, up 34 percent year-on-year.

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