Vincom, a property developer in Vietnam, plans to generate up to $150 million profit through a first international bond released to fund property projects, reported Vietnam’s state media yesterday.
To underwrite the bonds, which would be listed on the Singapore stock exchange and sold in November, the developer hired Credit Suisse.
The five-year bonds will be priced at $100,000.
Vincom operates high-end condominiums, shopping malls and luxury resort projects in Nha Trang, Hanoi, Danang and Ho Chi Minh City.