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  • Electricity of Vietnam, the state-owned electricity generator and distribution company, has priced the first Vietnamese dong bond to be sold to overseas investors.
  • Greentown China Holdings, the property company, is set to price its $375m-$400m high yield bond today (Friday). Several other speculative grade issues are coming from China over the next week.
  • Calyon and ING, joint mandated lead arrangers for Hutchison Essar's $300m five year loan, have invited banks to take on a senior underwriting position as mandated lead arrangers for the bullet facility.
  • Issuer rating: B1/B+
  • Pakistan Mobile Communications issued the country's first international unsecured corporate bond yesterday (Thursday), amid frenzied excitement from emerging markets investors.
  • San Miguel Corp's $250m five year loan, led jointly by DBS Bank and Standard Chartered Bank, has closed after 13 banks confirmed their participation in general syndication.
  • Amid a glut of Australian residential mortgage backed securities from lenders at every part of the credit spectrum, Citigroup, Deutsche Bank and Macquarie Bank will begin roadshows next week for a A$2.1bn ($1.6bn) equivalent global deal for one of the market's leading non-bank issuers, Macquarie Securitisation.
  • Standard Chartered will price its $1.26bn equivalent securitisation of residential mortgages for its subsidiary Standard Chartered First Bank Korea today (Friday) or on Monday.
  • Rating: A3/A-
  • Rating: A2/A
  • Korea Water Resources, the public utility company, priced a $150m five year issue on Wednesday, taking advantage of strong trading conditions to price at the tight end of guidance.
  • BNP Paribas and BayernLB are in the market with a tightly priced loan for Khazanah Nasional, the Malaysian government investment agency.