Commercial banks’ purchase of real estate corporate bonds is considered indirect lending to real estate firms, experts say. Corporate bond rush The interest rates for the following years will be calculated by the average interest rate of three banks plus 4.8 percent. The bond interest rates of 10-14.5 percent per annum have caught special attention from the public because they are double bank deposit interest rates. However, the real interest rates bond holders can receive won’t be that high after they pay fees to banks. The HCMC Infrastructure Investment JSC issued VND200 billion worth of bonds with the interest rate of 11 percent for the first year. The interest rates for the next years will be calculated by the TP Bank’s one-year deposit interest rate plus 3.5 percent. Risks Kim Chi What's behind real estate firms’ race to issue corporate bonds? Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst … [Read more...] about VN banks told to be careful with corporate bonds
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Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. A report of the State Securities Commission (SSC) showed that VND60 trillion worth of corporate bonds were issued in the first half of the year. Meanwhile, according to Military Bank Securities, the figure is VND70 trillion. Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. The high bond interest rate is what analysts find worrying. Kim Chi Real estate firms switch to bonds due to less bank loans Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said. Strong desire for M&A deals in real estate Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong … [Read more...] about What’s behind real estate firms’ race to issue corporate bonds?
PUT YOUR SHIRT ON IT: Will Frank be as successful as Chelsea manager as he was a player for them? — AFP Photo Paul Kennedy If you look hard enough in the vaults of YouTube, you will find a video from around 1996 of a young looking Harry Redknapp and an even younger looking Frank Lampard. At the time, Redknapp was the manager of West Ham and was speaking at a question and answer session with disgruntled supporters. One fan wasn’t too happy with the Hammer’s boss and let his feelings be known. He was particularly miffed at the decision to sell Matt Holland (Google him) and pick a teenage Lampard ahead of another midfielder, Scott Canham (Google him too). In typical Redknapp fashion, no-nonsense Harry jumped to the defence of a rather embarrassed looking Lampard sat a few places to his right, who incidentally is also his nephew. “He (Lampard) is good enough and he definitely will be good enough,” Redknapp said. “He will go … [Read more...] about Let’s be frank, it won’t be easy
Ben Thanh-Suoi Tien metro project has completed about 70 percent of the work volume, expected to be done by the end of 2021 (Photo: SGGP) The announcement was made by deputy chairman of the city People’s Committee Vo Van Hoan on the sideline of a conference on technology application in reducing traffic accidents in the city yesterday. Despite the capital reduction, Mr. Hoan affirmed that the project’s construction progress and quality will be ensured. According to Mr. Hoan, the first metro line was scheduled to be built within five years but it has lasted for nearly ten years. The project’s implementation has seen some problems for taking place during a long phase amid unclear legal basis and shortage of practical experience. VND3.4 trillion is the total money saved after the city eliminating unnecessary factors and items from auctioning and bidding, Mr. Hoan said. After the Politburo gave opinions about the projects, the Government has assigned the city to … [Read more...] about Total investment of HCMC’s first metro line reduces by VND3.4 trillion
SINGAPORE - Media OutReach - 14 November 2019 - Wine shopping just got a little better this Christmas season. Not only is Wine Connection coming back with the second iteration of their annual Wine Tasting Fair on 16 and 17 November, they are also launching their Scan, See & Win campaign in partnership with DRNK. In this collaboration with DRNK -- an augmented reality (AR) app for alcoholic beverages -- Wine Connection is turning all their stores islandwide into a full AR experience. Over 500 wine bottle labels in all Wine Connection stores have been optimised to be used with the DRNK AR App. With a simple scan using the app, the drink will come to life in front of your eyes with interactive animations. In the spirit of the season of giving, Wine Connection and DRNK have teamed up to gamify the entire experience for in-store customers. A total of SGD50,000 worth of prizes are up for grabs - all you need to do is to scan any wine bottle in store and you will … [Read more...] about Wine Connection and DRNK AR App Launch Full Augmented Reality Experience Stores This Christmas