Vietnam's Refrigeration Electrical Engineering raises $100 mln via bond issue

By Reuters   January 29, 2019 | 02:14 pm GMT+7
Vietnam's Refrigeration Electrical Engineering raises $100 mln via bond issue
Reetech air-conditioners are seen at its factories. Photo courtesy of Refrigeration Electrical Engineering Corp

Vietnam’s diversified group Refrigeration Electrical Engineering Corp has raised $100 million issuing fixed rate bonds.

The issue was guaranteed by Asian Development Bank’s trust fund Credit Guarantee and Investment Facility, bookrunner Standard Chartered Bank (Vietnam) Ltd said in a statement Tuesday.

The bonds are priced at an interest rate of 7 percent per annum for a 10-year maturity term, it said.

 
 
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