The Royal City, developed by Vingroup in Ha Noi's Thanh Xuan District. Vingroup will list 2.36 million more shares on October 28. — Photo royalcity.com.vn

HA NOI (Biz Hub) — Property developer Vingroup will list some 2.36 million more shares on the HCM City Stock Exchange on October 28, the southern bourse has announced.

With this release, the company will have nearly 1.85 billion shares listed on the exchange, with a combined face value of some VND1.85 trillion (US$82.22 million).

The firm has converted its international bonds into the additional shares, raising its chartered capital from VND18.46 trillion to VND18.48 trillion (from $820.44 million to $821.33 million).

Vingroup issued the convertible bonds worth $300 million in April and July 2012, with a term of five years and an interest rate of five per cent per year. The bonds' owners can convert them into shares on October 3 annually between 2012 and 2016.

Vingroup is Viet Nam's largest listed company by market capitalisation. Its shares closed with little change today at VND44,400 ($1.97) per share. — VNS