Vietnamese conglomerate Vingroup has divested a 55% stake in SDI, which indirectly holds a 41.5% stake in Vincom Retail JSC via its subsidiary Sado Trading JSC.
The real estate sector has witnessed a surge in corporate bond issuances worth a total of 30 trillion dong in the third quarter of 2023, a move aimed at debt restructuring rather than capital raising.
Real estate businesses in Vietnam mobilized about VND55.6 trillion ($2.28 billion) worth of bonds via private placements in the first nine months of the year, according to the Vietnam Bond Market Association (VBMA).
Amidst the market headwinds, several real estate developers with healthy operational records have secured large sums for project deployment through bond issuances.
Realty firms look to raise capital via bonds vietnamnews.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnews.vn Daily Mail and Mail on Sunday newspapers.