Volatility threatens Vietnam's bond offering

The sovereign is due to embark on a roadshow soon, but difficult market conditions remain a challenge to the offering.

Rumours were circulating yesterday concerning VietnamÆs $1 billion bond transaction managed by Barclays, Citi and Deutsche. Some press reports stated that the sovereign was to begin its roadshow next week, and said that the deal would price soon after, probably towards the end of this month.

However, it seems that although the roadshow is due to take place relatively soon, the schedule has not been confirmed due to logistical difficulties. The ensuing deal, meanwhile, will only price subject to market...

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