Vinashin targets international investors for rare dong deal

The state-owned shipping group hopes to benefit from growing investor appetite for Vietnamese issues.

Vinashin, the state-owned Vietnamese shipbuilding group, began soft marketing a VND1 trillion to VND3 trillion $65 million to $195 million bond issue last week via Deutsche Bank. The 10-year bullet deal is being launched in tandem with a $200 million syndicated loan led by Credit Suisse.

Earlier this year, Vietnam was viewed as a very hot destination for foreign funds. Both its stock market and bonds were performing well in light of strong GDP growth and the country's...

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