• VND5,650 billion mobilized from Government bond sales
• Vietinbank bonds sell well on Singapore Exchange

HAG was the first company in Vietnam to have its bonds listed on an overseas exchange.

According to a recent announcement by HAG, the delisting would help save the listing maintenance fee. 

The number of the bond-holders was small as well as the number of bond-trading deals. 

The five-year bonds were issued on May 20 last year and listed on SGX-ST on May 23, with an annual interest rate of 9.875 percent. 

In March, HAG was downgraded to "negative" from previously "stable" by rating firm Fitch because of its real-estate products in stock that were worth VND3.5 trillion (US$166.6 million) at the end of 2011, thus facing a credit risk. 

The company said it had VND313 billion (US$14.9 million) from issuing 10 million shares for its hydro-power business, and receivables of VND560 billion (US$26.6 million) in the third quarter from a property-project sale, and receivables from apartment sales on installments. 

The company said that its liquidity would be ensured as a new hydropower project, the Ba Thuoc 2, will begin production at the end of this month. 

In addition, its sugar plant and first rubber crop in Laos, together with its VND2.2 trillion (as of June), will contribute to liquidity. 

On August 17, HAG issued VND850 billion (US$40.4 million) in domestic bonds, with three-year terms.