Thailand gives nod to Vietnamese, Laos issuers

By Morgan Davis
24 Jan 2020

Thailand’s ministry of finance has approved two foreign companies to issue baht-denominated bonds, including the first Vietnamese borrower to tap the market.

Vietnamese conglomerate Vingroup Joint Stock Co and Laos' Nam Ngum 2 Power Co (NN2) have been permitted to sell baht-denominated bonds in Thailand before the end of September, according to a press release from the MoF.

NN2 is a repeat issuer in Thailand’s bond market but Vingroup's ...

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