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Bonds to be issued in global roadshow

Update: October, 30/2014 - 08:49
US$1 billion in sovereign bonds is aimed to swap with debts that are becoming due next year. — Photo
HA NOI (VNS) — Viet Nam has mandated Deutsche Bank, HSBC and Standard Chartered to arrange a global bond roadshow after a four-year break, according to the website.

About US$1 billion worth of international bonds will be issued during the roadshow, which kicked off in Singapore yesterday.

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.

News portal 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 international bonds worth $750 million, with an interest of 1.125 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 international bonds worth $1 billion, with an interest of 6.75 per cent per year, in Singapore. — VNS

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