Vietnam is returning to the international bond market for the first time in almost five years.
The Vietnamese government has today opened the books for a new 10-year bond sale, with an initial price guidance for a yield of around 5.125 per cent. The joint bookrunners are Deutsche Bank, HSBC and StanChart, with BNP Paribas, Daiwa and Mizuho as co-managers.
Vietnam is currently rated B1 by Moody's and BB- by Standard & Poor's, both comfortably in the "junk" range of credit ratings.
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