Vingroup scores with novel exchangeable

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Vingroup scores with novel exchangeable

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Hanoi, Vietnam - April 19, 2019: Scenic sunset view of the Tran Quoc Pagoda and West Lake. The flag of Vietnam (red flag with a gold star) and the Vietnamese Buddhist flag fluttering over the lake. | efired - stock.adobe.com

Vingroup Joint Stock Company raised $500m from an exchangeable bond this week, selling the largest equity-linked transaction from Vietnam — and developing the market by using novel structural features never seen before in the country. Rashmi Kumar reports.

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