Vietjet plans $84.5 million bond issuance to meet operating costs

Vietjet Air has approved a plan to issue VND2 trillion ($84.5 million) worth of corporate bonds in order to meet operating costs. The five-year non-convertible bonds without collateral will have a par value of VND100 million ($4,300) each. The timeline for the issuance was not announced. Vietjet said the bonds will be issued in the form of bookkeeping, through an issuing agent. The maximum fixed interest rate is 12% per year for the first two interest periods. For the remaining periods, it will be a maximum 3.5% plus the reference interest rate. The bonds can be redeemed 12 months from