HSBC launches domestic bond for BIDV in Vietnam

With the help of HSBC, the Bank for Investment and Development of Vietnam offers a bond for domestic (and foreign resident) fixed-income investors.

The Bank for Investment and Development of Vietnam BIDV, the nationÆs third-largest commercial bank, announced Monday May 8 its debut Tier 2 bond offering, which improves the quality and variety of domestic Vietnamese investment products available for fixed-income investors.

The bank engaged HSBC as ratings advisor, joint arranger and joint bookrunner. BIDV was also a joint arranger and joint bookrunner.

The deal received over VND4 trillion $250 million in indicative orders û more than double the initial target...

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