Vingroup issues Vietnam landmark bond

Hanoi-based real estate firm priced Vietnam’s first ever dollar bond from the corporate space despite investor scepticism towards the credit, sector and the nation’s macro conditions.

Vietnam’s government is under pressure to find ways to reduce the country’s spiraling bad debts.

Chien Mi Wong

November 01, 2013

Vingroup Joint Stock Company raised a $200 million 4.5-year senior high-yield note with a callable option in the third year on Thursday, defying investor concerns circling the lack of transparency plaguing Vietnamese real estate corporate profiles as well as weak domestic economic fundamentals.

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