Techcombank Arranges Bond Issuing for EVN

Vietnam Technological Commercial Joint Stock Bank (Techcombank) has arranged the corporate bond issue worth of VND2,000 billion for the Electricity of Vietnam (EVN) on June 8, 2010. Co-arrangers were An Binh Commercial Joint Stock Bank (ABBank) and EVN Finance Joint Stock Company (EVN FC).

 

The proceeds from the bond issue, which will be mature in 2015, are aimed to finance many key power projects in the country.

 

Set up on September 27, 1993 with an initial registered capital of VND20 billion, Techcombank is now one of largest joint stock commercial banks in Vietnam. It ranks second in terms of assets with VND104 trillion as of end-April 2010. Techcombank expects to run 300 branches and transaction offices in the country by the end of 2010.