Vinacomin to issue VND2.5 trillion bonds

January 16, 2013 | 08:55

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Vietnam National Coal and Mineral Industries Group (Vinacomin) will issue VND2.5 trillion ($120 million) worth of bonds at the beginning of this year to raise fund for business activities, said President and CEO of Vinacomin, Le Minh Chuan, on January 1.

In 2012, Vinacomin issued VND500 billion ($24 million) worth of bonds and mobilised VND11.6 trillion ($556.8 million) in short-term loans for production and business activities.

The country’s largest mining firm has so far borrowed a total of $1.2 billion from both domestic and foreign credit institutions for its investment and production operations.

>> Vinacomin urged to sell down coal stockpiles

>> Vinacomin gets $300 million loan for building Tan Rai project

>> Vinacomin targets coal sales of 40 million tonnes

>> Vinacomin’s successful dig for coal tax relief

Nhan Dan

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