Vinacomin pitches rare Vietnam bond deal after torrid week in Asian dollar bond mart

18 Nov 2010

State-owned Vietnam National Coal-Mineral Industry (Vinacomin) is planning to raise between $300m-$500m today (Friday), pushing ahead with a rare deal from the country despite a heavy slowdown in issuance this week.

Bookrunners ANZ Bank, Citi and Crédit Agricole had taken funding officials from the company to meet investors in Asia, Europe and the US this week before testing price whispers of the "low 7% area". The prospects of the deal closing this week hit a stumbling block when a ...

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