Vinashin attracts new investors to bond

Vinashin prices 50bps tighter than initial guidance and sells 95% of its bonds to offshore investors.

VinashinÆs 10-year VND3 trillion bond priced 50bps tighter than initial guidance, building an order book that was three times oversubscribed and selling 95% of the bonds offshore. The benchmark deal is likely to create a precedent for the country, opening doors for local companies and considerably increasing Vietnamese bond liquidity.

At 9%, the bond priced flat to EVNÆs 2016 10-year bond, a remarkable achievement in view of the considerable size of the deal - the transaction is three...

To continue reading, please login or register for free

Click for more on: vinashin | deutsche

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...