|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||0.77|
|PE ratio (TTM)||0.13|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Vietnam's second biggest listed lender, Bank for Investment and Development of Vietnam or BIDV, is in talks with potential investors to raise at least $200 million from a stake sale, three sources familiar with the matter said. The fundraising follows similar moves by larger state-owned bank Vietcombank and smaller privately owned lenders Vietnam Prosperity Joint Stock Commercial Bank and Saigon Hanoi Bank. BIDV, which is 80.99%-owned by Vietnam's central bank, obtained shareholders' approval in 2022 to sell a stake of 9% by issuing new shares.
Some of the world's largest aircraft lessors and insurers are aiming to be ready to go to trial in June 2024 over contested insurance claims for aircraft stuck in Russia, a lawyer for one of the lessors said on Monday. Lessors are suing dozens of insurers around the world for billions of dollars after more than 400 planes were unable to leave Russia due to Western sanctions in response to Moscow's invasion of Ukraine that forced the termination of their leases. The world's number two and three lessors, SMBC and Avolon, as well as BOC Aviation, CDB Aviation, Nordic Aviation Capital and Carlyle Aviation Partners are pursuing their claims in Ireland, where more than 60% of the world's leased aircraft are owned or managed.
TOKYO (Reuters) -Japan's Sumitomo Mitsui Financial Group (SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global bank to sell the risky securities since similar bonds issued by Credit Suisse were wiped out last month. "SMFG had a choice of not selling them but they went ahead, likely signalling that the Japanese financial system may be more stable than those in other countries," said Nana Otsuki, senior fellow at Pictet Japan. AT1 bonds - the riskiest tranche of a bank's bonds also known as "contingent convertibles" or "CoCo" bonds - can be converted into equity or written off if a bank's capital level falls below a certain threshold.