HANOI Dec 14 Vietnam food producer Masan Group
has secured board approval to sell non-convertible
international bonds worth up to $300 million, the firm said in a
statement to the Ho Chi Minh Stock Exchange.
Credit Suisse (Singapore) Ltd and the Singapore branch of
Deutsche Bank AG were advising Masan Group and the 5-year and
10-year bonds would be listed on the Singapore Stock Exchange,
the statement said.
Masan shares were trading up 1.5 percent by 0223 GMT on
Wednesday. Masan Group, the Ho Chi Minh stock exchange's eighth
biggest listed firm by assets, reported in October an 83.1
percent jump in its third quarter net profit from a year earlier
to 1.2 trillion dong ($52.97 million).
(Reporting by My Pham; Editing by Richard Pullin)