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According to CNBC 11/9/14
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According to CNBC 11/9/14
by Cascadian Sun Nov 09, 2014 9:44 pm
Vietnam sells $1 bln in sovereign bonds amid strong demand
HANOI, Nov 10 (Reuters) - The Vietnamese government raised $1 billion via a rare issue of sovereign bonds at an annual coupon of 4.8 percent, the lowest among its three offshore dollar-dominated debt sales, a Finance Ministry statement said.
The coupon was below Vietnam's initial target of 5.125 percent per annum, as bids from foreign investors totalled $10.6 billion, the statement said.
Proceeds of the bonds will be used in part for swapping the government's sovereign debts issued in 2005 and 2010 .
The debt sold last week was assigned a provisional rating of (P)B1 by Moody's. The country is rated B1 by Moody's and BB- by Standard & Poor's, and both ratings have a stable outlook.
HANOI, Nov 10 (Reuters) - The Vietnamese government raised $1 billion via a rare issue of sovereign bonds at an annual coupon of 4.8 percent, the lowest among its three offshore dollar-dominated debt sales, a Finance Ministry statement said.
The coupon was below Vietnam's initial target of 5.125 percent per annum, as bids from foreign investors totalled $10.6 billion, the statement said.
Proceeds of the bonds will be used in part for swapping the government's sovereign debts issued in 2005 and 2010 .
The debt sold last week was assigned a provisional rating of (P)B1 by Moody's. The country is rated B1 by Moody's and BB- by Standard & Poor's, and both ratings have a stable outlook.
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