BIDV closes $150m refi

Joint Stock Commercial Bank for Investment and Development of Vietnam has closed an offshore borrowing worth $150m. After the company deciding not to exercise a greenshoe option, lenders faced a large scale-back.

  • By Pan Yue
  • 09 Aug 2018

Cathay United Bank was the mandated lead arranger and bookrunner, and launched the three year deal into general in June. The bank retained $20m on its book, according to a banker close to the situation.

The facility paid a margin of 117bp over six month dollar Libor. ...

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