Vietnam's Masan unit to raise $413 mln via bonds

June 10, 2015 1:56 PM

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HANOI, June 10 A unit of Vietnam food producer Masan Group agreed with eight banks to sell 9 trillion dong ($413.32 million) worth of bonds, in what would be one of the country's biggest-ever domestic bond sales by a private firm.

Masan Consumer Holdings (MCH) will sell its five-year bonds to banks including Vietcombank, the country's biggest listed lender by market value, to help Masan Group pay debts, reduce costs and bolster the group's balance sheet, Masan said in a statement.

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