VietNamNet Bridge – According to Reuters, the Ministry of Finance has chosen three foreign banks – Deutsche Bank, HSBC and Standard Chartered – to hold roadshows to introduce Vietnam’s upcoming bond sales to international investors.
The first roadshow took place on October 29 in Singapore. The next events will be held in Hong Kong on October 30, in London on October 31, Boston on November 3, New York on November 4 and San Francisco on November 5.
Earlier, at a regular government press conference on August 28, the Chair of the Office of Government – Nguyen Van Nen – said that Vietnam would issue international bonds for debt swap. He said Vietnam has about $1 billion of international bonds to be converted.
This will be the third time Vietnam calls for bond capital from international financial markets, after raising a total of $1.75 billion in 2005 and 2010.
Currently, Vietnam’s bonds are rated B1 by Moody’s and BB- by Standard Poor’s, both with stable outlook.
Ly Na