Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BCHUSD, Bitcoin and Cryptocurrencies

BUY & SELL BCHUSD | View BCHUSD News & Updates

Buy Sell BCHUSD, Bitcoin and Cryptocurrencies

PetroVietnam delays foreign bond sales   2011-01-05 - VNS

PetroVietnam Group announced yesterday that it would delay its sale of overseas bonds.

The sale, worth US$1 billion, was set to transpire during the fourth quarter of 2010.

Capital raised through the sale would have been allocated to the group's oil and gas exploration and production sector and business projects in 2011, which requires $5-6 billion in total capital. The group was only able to raise 30 per cent of the capital required.

The group hired Standard&Poors, Moody's Investors Services and Fitch Ratings to rate the credit for the bond sale.

Viet Nam National Coal and Mineral Industry Group (Vinacomin) decided to delay the sale of the $500-million-bonds overseas. The delay of the sale has been blamed on Vinashin's debt.

Other news

Privately-backed refinery projects yet to hit top gear   2011-01-05

BUSINESS IN BRIEF 5/1   2011-01-05

Office rent is escalating, businesses relocate offices to suburb areas   2011-01-05

Postal service market booming   2011-01-05

Twin targets race to top of agenda   2011-01-05

Vietnam banks beat 2010 profit targets   2011-01-05

Shares plunge on both exchanges   2011-01-05

Companies voice cautious optimism   2011-01-05

Exports to Japan increase by 23% to $7.7 billion   2011-01-05

Electronics retailers dangle false promises   2011-01-05

The six most impressive figures of Vietnam’s economy in 2010   2011-01-05

Power project comes step closer   2011-01-04

Framework to drive PPP forward   2011-01-04

US group to double export assistance   2011-01-04