Market Chatter: Vietnam's Finance Ministry Mulls Sovereign Dollar Bond Sale

MT Newswires Live
Yesterday

Vietnam's finance ministry is said to be mulling a sovereign dollar bond sale to fund infrastructure spending and other projects, Reuters said in a report on Tuesday citing people familiar with the matter.

The ministry is in talks with investment banks to chalk out the terms for its first bond sale in over a decade after it issued a 10-year offshore sovereign bond in 2014 to raise $1 billion, the sources said.

While one foreign investment ⁠bank has recommended the issue of a $1 billion 10-year dollar bond, another has suggested ​a 10-year bond sized between $500 million and $1 billion and a coupon of around 7%, said two separate sources.

MT Newswires could not immediately contact Vietnam's finance ministry for confirmation of the news report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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