First Vietnam bank bond issue explained

Author: Ashley Lee | Published: 28 May 2012

The May 17 bond listing by Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank) marks the first time a Vietnamese financial institution has tapped the international capital markets, and the first such deal by a Vietnamese state-owned entity.

VietinBank’s listing of $250 million 8.00% senior unsecured bonds due 2017 on the Singapore Exchange forms part of the bank’s plans to issue a total of $2 billion in international bonds this year to...