VietJet Plans to Sell 15% Stake, Raise $300 Million Via Int’l Bond Sale

Vietnam’s budget airline VietJet Aviation VJC.HM 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.

Reuters

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