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