Vietcombank May Issue Shares in H2 Despite Hurdles.
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The State-owned Bank for Foreign Trade of Vietnam (Vietcombank) may issue preference shares totaling VND2-2.5 trillion ($127.4-159.2 million) to the public within the year, although obstacles are emerging in its equitization process, said a senior official from State Bank of Vietnam (SBV), the country’s central bank. The total value will account for around 30-35% of Vietcombank’s registered capital. It is possible to issue preference shares or convertible bonds before evaluating the… |