| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
Vietnam starts one-day tender offer to purchase 6 7/8%, 6¾% bonds
New York, Nov. 5 – The Socialist Republic of Vietnam announced the start of a cash tender offer for its $750 million of 6 7/8% bonds due 2016 and $1 billion of 6¾% bonds due 2020.
The maximum size of the offer will be announced at a future time.
The south-east Asian country is offering $1,070 per $1,000 principal amount for the 6 7/8% bonds and $1,140 per $1,000 principal amount for the 6¾% bonds. It will also pay accrued interest up to but excluding the settlement date.
The tender ends at 4 p.m. ET on Nov. 6. Settlement is scheduled for Nov. 14.
Completion of the tender is dependent on the pricing of a planned sale of new global bonds.
If the tender is oversubscribed, priority will be given to holders who place firm orders for new bonds ahead of their pricing.
Hongkong and Shanghai Banking Corp. will bill and deliver for the tender and is a dealer-manager with Deutsche Bank AG, Singapore Branch and Standard Chartered Bank. HSBC is at 888 HSBC-4LM, 212 525-5552, +852 2822 4100, +65 6423 5342 or email liability.management@hsbcib.com. Deutsche is at 212 250 6801, +44 207 545 8011 or email liability.management@db.com. Standard Chartered is at +65 6596 9645, +44 207 885 5739 or email primary.debt@sc.com.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.