Vietnam

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has allocated its latest borrowing at an increased size of $350m.

Mitra Pinasthika Mustika Finance is poised to launch a $100m borrowing into syndication next week, with the Indonesian firm having mandated a trio of banks to arrange the deal.

Lenders are waiting for an update on PetroVietnam Exploration Production Corp’s request to waive a covenant on a borrowing sealed in 2012.

Thai department store operator Central Group is understood to have enlisted two lenders for a loan of about $1bn to back its acquisition of Big C Vietnam.

Six lenders have joined a $50m two year borrowing for the Cambodian arm of Vietnamese telecommunications company Viettel.

Taiwanese conglomerate Formosa Plastics Group has increased the size of its latest borrowing to $3.5bn from $2.5bn.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is considering increasing the size of its borrowing to $350m after receiving commitments well over its target amount of $200m.

Orchid Capital Investments has exited from Vietnamese conglomerate Masan Group, raising VN$3.1tr ($139m) from a small group of investors including Singapore’s sovereign wealth fund.

Five banks are set to arrange a series of investor meetings in the US for the Socialist Republic of Vietnam.

Vietnam’s state-owned Vissan Co has raised VN$906.84bn ($41.06m) from an IPO that received a rousing reception from investors, as the listing closed nearly 6x covered on Monday.

One of Vietnam’s largest property developers Vingroup raised VN$3tr ($135.5m) from a dual-tranche offering on February 18 in what was only the second transaction in the country to be backed by the Credit Guarantee Investment Facility.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has received commitments worth $150m for its loan of up to $200m ahead of the deadline of February 26.