New Issue: Vietnam prices $1 billion 10-year notes at par to yield 4.8%

By Christine Van Dusen

Atlanta, Nov. 6 – Vietnam priced $1 billion 10-year notes (expected ratings: B1//BB-/) at par to yield 4.8% on Thursday, a market source said.

The notes were talked at a yield in the 4.85% area.

Deutsche Bank, HSBC and Standard Chartered Bank were the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used for general government funding purposes.

Issuer:	Vietnam
Amount:	$1 billion
Maturity:	Nov. 19, 2024
Description:	Notes
Bookrunners:	Deutsche Bank, HSBC, Standard Chartered Bank
Coupon:	4.8%
Price:	Par
Yield:	4.8%
Trade date:	Nov. 6
Settlement date:	Nov. 19
Expected ratings:	Moody’s: B1
	Standard & Poor’s: BB-
Distribution:	Rule 144A and Regulation S
Price talk:	4.85% area

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