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Vietnamese global roadshow to issue $1bn bonds
Viet Nam has mandated Deutsche Bank, HSBC and Standard Chartered to arrange a sovereign bond roadshow after a four-year break, according to the globalcapital.com website.
About US$1 billion worth of sovereign bonds will be issued during the roadshow, which kicked off in Singapore on October 29.
The roadshow will move to Hong Kong on October 30 before transferring to London on October 31, Boston on November 3, New York on November 4 and San Francisco on November 5.
The ndh.vn news website reported that the Government agreed to issue the bonds in the international market after Moody's gave Viet Nam a B1 rating and Standard & Poor's gave it a BB- rating.
In 2005, the Government issued 10-year sovereign bonds worth $750 million, with an interest of 7.125 per cent per year, in New York. Deadline for payment of principal and interest will be in 2016.
In 2010, the Government issued 10-year sovereign bonds worth $1 billion, with an interest of 6.75 per cent per year, in Singapore.
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