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  • Vingroup Joint Stock Company raised $500m from an exchangeable bond this week, selling the largest equity-linked transaction from Vietnam — and developing the market by using novel structural features never seen before in the country. Rashmi Kumar reports.
  • Colombian bank GNB Sudameris sold a Basel III-compliant subordinated tier two bond on Tuesday after two failed attempts in 2020. The issuer, which also has operations in Peru and Paraguay, printed $400m of 10-year non-call five paper but only after having rejigged its bank group after last year’s cancellations.
  • MUFG Bank has appointed Johnson Yuan as deputy president for its wholly owned subsidiary MUFG Bank (China).
  • Freeport Indonesia, a copper mining company, is in talks with banks for a new $750m loan for capital expenditure, after being forced to cancel a larger facility last year owing to the Covid-19 pandemic.
  • Turkey's central bank once again faces a critical rates decision this week. Any whiff of a cut in rates would be disastrous for the volatility-stricken country and its access to capital markets.
  • The three global loan associations have launched the Social Loan Principles (SLP), as the ESG finance market expands beyond its environmental roots.