Vingroup puts forward 12% initial price thoughts

By Frances J. Yoon
29 Oct 2013

Vietnamese property developer Vingroup is offering a hefty premium for its debut US dollar bonds to lure investors to the country’s first international bonds sold this year.


At 12%, Vingroup is offering at least a 250bp new issue premium, said a debt syndicate banker on the deal, who added that the risk associated with the country has also been factored in.

Vietnam’s credit default swaps are trading 100bp wider than Indonesia and 150bp wider than ...

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