May 16, 2012 (Vietnamica) — Sacombank (HOSE: STB) is planning to issue 5-year US$200 million international bonds those are unsecured and nonconvertible (Intellasia, May 16).
May 15, 2012 (Vietnamica) – Want a very quick solution to the privatized gains and socialized losses of modern financial services…? As I was reading of yet another spectacular mismatch between bank managers’ competence and their remuneration, and this time at JP Morgan no less, I realized there is a simple solution which really could be implemented.
Vietinbank Sold 5-year US$250 Mln International Bond; Offered Yield of 8.25 Pct
May 11, 2012 (Vietnamica) — Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank, HOSE: CTG), on May 10, sold 5-year US$250 million international bonds. This is the first ever international bond offering by a Vietnamese financial institution. The bond was priced at 98.992 percent with a coupon of eight percent to offer a yield of 8.25 percent (The Asset, May 11).
SHB-HBB Merger Announced, Both Stock Prices Jumped to Hanoi Stock Exchange’s Upper Daily Limit after Days in ConfusionMay 7, 2012 (Vietnamica Finance) — Last weekend, Hanoi-based Habubank (HNX: HBB), Saigon-Hanoi Bank (HNX: SHB) and State Bank of Vietnam released notices and announcements on the merger of SHB and HBB.
Some Business Performance and Financial Indications of Masan Group
May 4, 2012 (Vietnamica) — Masan Group (HOSE: MSN) was listed on Ho Chi Minh Stock Exchange on Nov 5, 2009 at the price of VND43,000 per share. On Sep 16, 2011, MSN reached its peak of VND158,000 per share. When today trading session closed, MSN was traded at VND108,000 per share.
Habubank AGM: Non-performing Loans, M&A, and BeyondApril 30, 2012 (Vietnamica) — The annual general shareholder meeting (AGM) of Habubank (HNX: HBB) has released that the bank has provided Vinashin with approximately VND3,000 billion (US$144 million) outstanding loan. This amount has raised Habubank’s non-performing loan ratio up to 16.06 percent as of Feb 2012. From a conservative perspective, the ratio could reach 32 percent if the bank strictly follows international standards. In light of this, HBB board of directors has proposed to merge the bank with Saigon Hanoi Bank (HNX: SHB) and received 80 percent vote from its shareholders.
