EVN Seeks Permission for Int'l Bond Issue
The sole national power distributor, Electricity of Vietnam (EVN), has sent an official letter requesting permission from the Finance Ministry to issue $150 million worth of international bonds in order to satisfy its capital demands.
In the 2006-2010 period, EVN will need some VND250 trillion ($16 billion) in order to meet the country’s annual electricity growth of 16 per cent-17 per cent.
EVN has to raise funds from different sources such as ODA, development funds, commercial banks, domestic and international bonds.
Since the start of this year, through seven domestic bond issues, EVN had raised VND5 trillion ($248 million) with annual coupons of 9.5-9.6 per cent.
Vietnam Economic Times
Vietnamese
