VietJet plans US$300m bond sale to finance Airbus orders while readying for IPO

Hanoi

VIETJET Aviation Joint Stock Co, Vietnam's only privately owned carrier, plans to raise as much as US$300 million from a corporate bond sale to fund expansion while preparing for an initial public offering (IPO).

The company will raise US$200-300 million as early as the second quarter, and has not decided whether to do it overseas or domestically, managing director Luu Duc Khanh said in an interview in Ho Chi Minh City on Jan 22. The airline will pick international advisers next month to help with the share offering and the bond sale, he said.