Ho Chi Minh City Development Joint Stock Commercial Bank announced that it expects to receive $160 million in funding from DEG-Deutsche Investitions- und Entwicklungsgesellschaft mbH, and other investors
Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) announced a private placement of international convertible bonds for gross proceeds of $160,000,000 on September 8, 2020. The bonds are issued for a term of five years and one day in the transaction. The bonds are convertible into ordinary shares of the company. The transaction will include participation from institutional investors in developed markets.