VietJet Aviation : plans to sell 15% stake, raise $300 million via int'l bond sale

HANOI (Reuters) - Vietnam's budget airline VietJet Aviation is seeking shareholder approval for its plans to sell a stake of up to 15% via a private placement, and to raise $300 million through a bond sale on international markets, the company said on Tuesday.

VietJet said in a statement it is targetting a 20% rise in revenue this year to 21.9 trillion dong ($951.35 million), adding it will hold a shareholders' meeting later on Tuesday.

($1 = 23,020.0000 dong)

(Reporting by Khanh Vu; Editing by Ed Davies)