Vietnam

Loans bankers focused on Vietnam have had to quickly adapt their syndication strategy for deals from the country amid a new surge in Covid-19 cases. Their approaches have differed: while some banks are charging ahead with transactions, others are opting to delay deals. Pan Yue reports.

Vietnam’s VNDirect Securities Corp has tapped the offshore loan market for the first time for a $50m borrowing.

Home Credit Vietnam is in talks with banks for a new $50m loan, with its planned fundraising receiving some early mixed response from lenders.

Vietnam property developer BIM Land JSC made its debut in the dollar market this week with a green transaction.

Vingroup Joint Stock Company raised $500m from an exchangeable bond this week, selling the largest equity-linked transaction from Vietnam — and developing the market by using novel structural features never seen before in the country. Rashmi Kumar reports.

Vietnamese conglomerate Vingroup is waiting for the greenlight from its shareholders to sell its first international convertible bond.

Vietnam’s Masan Group Corp, an investment holding company operating in the food and beverage and consumer retail industries, has increased its borrowing to $350m after receiving strong response from 23 banks during syndication.

Ho Chi Minh City Development Joint Stock Commercial Bank has closed its debut offshore borrowing at $71m.

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has further increased the size of its loan to $230m after additional banks joined the deal.

Vietnam Technological and Commercial Joint Stock Bank is in discussions with lenders for a comeback to the loan market.

Vietnam’s Masan Group Corp is inviting lenders to join an up to $250m loan to support an investment into one of its subsidiaries.

Vingroup Joint Stock Co has launched an up to $400m loan to the market.