Novaland debuts with $250m borrowing

Vietnam Hanoi 230px
By Pan Yue
10 Jul 2019

Vietnamese property developer Novaland Investment Joint Stock Co is making its loan market debut with a $250m facility.

Credit Suisse is the original mandated lead arranger and bookrunner, according to bankers close to the situation. Industrial and Commercial Bank of China, Taiwan Business Bank, Taichung Commercial Bank, Taiwan Cooperative Bank and Vietcombank joined during senior syndication and earned the MLAB title.

The term loan, which ...

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