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Vietnam set price guidance for upsized $750 million 10-year bonds at 7¼% area
By Reshmi Basu
New York, Oct. 24 - The Government of the Socialist Republic of Vietnam set price guidance for an upsized $750 million offering of global bonds due January 2016 (Ba3/BB-) in the area of 7¼%, according to a market source.
The deal was increased from $500 million.
Pricing is expected to take place no later than Thursday, after the completion of its roadshow on Wednesday in Boston.
Credit Suisse First Boston is the bookrunner for the Rule 144A/Regulation S transaction. Citigroup is acting as the lead manager. Deutsche Bank Securities, HSBC, JP Morgan, Merrill Lynch and Morgan Stanley are co-managers.
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