Vietnam Expressway to sell 1 trillion dong of bonds on Thursday

New York, Aug. 24 - Vietnam Expressway Corp. said it will price 1 trillion dong of bonds in two tranches on Thursday.

The company will auction 500 billion of three-year bonds due Aug. 31, 2012 and 500 billion of five-year bonds due Aug. 31, 2014.

Competitive and non-competitive bids will be accepted in the sale. Settlement is scheduled for Aug. 31.

The debt will be repaid using revenues from the Hanoi to Lao Cai highway.

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