SeABank Issues US$124 Mln Convertible Bonds
Southeast Asia Commercial Joint Stock Bank (SeABank) said it has issued VND2 trillion (US$124 million) worth convertible bonds and bonus shares.
The bonds have one-year and two-year maturity. The bank did not mention the coupon.
SeABank will offer bonus shares and convertible bonds valued at VND10 billion (US$625,000) to its staffs.
The bank sets the target of pre-tax profit of VND411 billion (US$25.68 million) this year, three times higher than last year, Vietnam Economic Times reported.
SeABank raised its registered capital to VND1 trillion in March and plans to raise it to VND3 trillion (US$187.5 million) by the end of the year. (VNEconomy)
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