Vietnam

Hyosung Vina Chemicals is holding bank presentations and a site visit at the end of January to woo lenders with a $750m syndicated financing that has been relaunched with a smaller size, higher margins and a different bookrunning team.

VPBank Finance has made a quick comeback to the international syndications market for a $130m borrowing with a short one year tenor.

Vietnam Airlines is planning to float on the country’s main board in the first quarter of 2019 as the government looks to trim its stake in the flag carrier.

Taiwan’s Mei Ta Industries and China’s New Hope Group have closed offshore borrowings, raising €245m and $150m, respectively. Ho Chi Minh City Power, meanwhile, has sealed Vietnam’s first onshore syndicated loan at D1.1bn ($47,000).

Ho Chi Minh City Power has sealed Vietnam’s first syndicated financing in the onshore dong market, with a bevy of Taiwanese and South Korean lenders piling in.

Lao Viet Joint Venture Bank is seeking its first international loan of up to $100m through sole mandated lead arranger and bookrunner Cathay United Bank.

Vietnam’s Vinfast Trading and Production has raised a $950m guaranteed term loan to help it buy machinery and equipment from nine German suppliers.

Vinpearl raised $125m on Thursday night after tapping a $325m exchangeable bond sold in June, managing to navigate the sea of red in equity markets.

Private equity firm KKR has pocketed D4.88bn ($209.5m) after exiting Masan Group through Vietnam’s largest block trade, according to a source close to the deal.

The Vietnam government is set to reduce its stake in Vietnam National Shipping Lines (Vinalines) through an IPO of at least D4.9tr ($208.9m).

Joint Stock Commercial Bank for Investment and Development of Vietnam has closed an offshore borrowing worth $150m. After the company deciding not to exercise a greenshoe option, lenders faced a large scale-back.

Joint Stock Commercial Bank for Investment and Development of Vietnam has postponed the deadline for its latest dollar loan until next week. But the move is not a sign of poor demand — the deal looks likely to be doubled to $300m.