Laos

A handful of borrowers closed their deals at the end of 2021

The southeast Asian financial institutions taps the loan market again after a three-year absence

The Lao People's Democratic Republic has postponed its dollar bond sale for the second time in as many months, this time to provide investors with more information.

The Lao People's Democratic Republic is pursuing a dollar bond sale.

Malaysia’s RHB Banking Group has made two senior appointments at the firm.

The Ministry of Finance of the Lao PDR has returned to the loan market for a new financing of $50m.

Bank of the Laos PDR is in talks with banks for a new borrowing, returning to to the offshore loan market after raising two deals last year.

Lao People's Democratic Republic has taken a step towards selling a public dollar bond in the international market, after gaining its first local and foreign currency issuer ratings from Moody’s on Wednesday.

The Ministry of Finance of the Lao PDR is inviting banks to join a €135m five year loan that Credit Suisse pre-funded in June.

The Bank of the Lao PDR (BOL), Laos’s central bank, has relaunched a loan following a failed syndication late last year, but it is not clear how successful it will be second time around. Pan Yue reports.

Bank of the Lao PDR has closed its four year borrowing led by Cathay United Bank, receiving commitments from 14 participants.

The central bank of Laos is seeking a $100m loan through Taipei Fubon Bank, while simultaneously syndicating another deal of the same size via Cathay United Bank.

Bank of the Lao PDR is taking commitments for a $100m four year borrowing in general syndication, offering lenders terms that are identical to its last offshore facility from 2015.

Loans syndicate bankers in Asia are keeping busy until the end of the year with new deal launches from across the region.

Bank of the Lao PDR (BOL) is planning to return to the loan market for a $100m facility with an unlimited greenshoe option.

Lao Viet Joint Venture Bank is seeking its first international loan of up to $100m through sole mandated lead arranger and bookrunner Cathay United Bank.

Rapid increases in private sector debt across Asia could leave some countries vulnerable as interest rates return to more normal levels, Changyong Rhee, director in the Asia and Pacific department at the International Monetary Fund, has warned.

The Lao People’s Democratic Republic, through the Ministry of Finance, raised Bt14bn ($420m) this week from a six-tranche bond in Thailand — its largest ever print. The sovereign also managed to push out its curve to an unprecedented 15 years, leveraging on Thai investors’ familiarity with its credit.

Lao People’s Democratic Republic is taking bids for a six-tranche Thai baht bond this week, and is hoping to settle the Bt14bn ($420m) transaction on Thursday.

Banque Pour Le Commerce Exterieur Lao Public (BCEL), the biggest state-owned lender in Laos, is set to make its offshore loan debut with a $100m four year facility.

A trio of borrowers from Laos are looking to hit the international loan market soon, with Cathay United Bank guiding lenders towards a possible launch date.

Cathay United Bank has invited lenders for meetings in Laos during the first week of September, as it prepares to launch three different loans from the country.

ANZ has appointed Rufus Pinto as the chief executive officer of Laos, according to a Tuesday statement from the Australian lender.

Indonesia’s move to pre-fund its 2017 financing requirements with a bond last week surprised the market. Views are mixed on whether it made the right decision but DCM bankers in the region hope other sovereigns will also look to make an early start on funding plans.

The Laos government sold a five tranche baht-denominated bond in Thailand’s domestic market last week, netting Bt11bn ($309.7m) in proceeds. In its sixth deal in the Thai market, the sovereign targeted high net worth investors to tap into a new liquidity pool.

Electricite du Laos Generation Public Company (EDL Gen), which started bookbuilding for its debut dollar bond in Thailand last Friday, has settled on raising $312m from three tranches, according to a source.

Electricite du Laos Generation Public Company (EDL Gen) has started building books for a $300m bond it is looking to price in Thailand on September 2. The deal is progressing well, attracting interest from a wide array of investors including high net worth individuals.

Electricite du Laos Generation Public Company (EDL Gen) is looking to sell a $300m bond in Thailand late next week, and has mandated two banks to lead the deal.

The central bank of Laos is planning to close its debut offshore syndicated loan at a size of $158m, in a deal that bankers are hailing as a benchmark for other issuers from the country.

The Lao People’s Democratic Republic has become the first foreign issuer to sell a dollar bond in Thailand’s domestic market, raising $182m from a privately placed offering.

The up to $200m debut syndicated loan for the central bank of Laos has received a handful of commitments and more are expected before the deal wraps up in early December.

The central bank of Laos has rolled out a debut offshore syndication of up to $200m as it looks to diversify its funding channels. It has decided to take a strategic approach to its financing by tapping only a select pool of liquidity, writes Shruti Chaturvedi.

The central bank of Laos is making its debut in the syndicated loan market for a facility of $100m-$200m, as the country seeks to diversify its funding sources.