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Vietnam's Vingroup sets initial talk at 12%-12½% for five-year notes
By Christine Van Dusen
Atlanta, Dec. 10 - Vietnam's Vingroup JSC gave initial guidance of 12% to 12½% for its planned issue of dollar-denominated notes due in five years (/B+/B), a market source said.
Credit Suisse and Citigroup are the bookrunners for the Rule 144A and Regulation S deal, which is expected to price this week.
The notes - guaranteed by Royal City Real Estate Development and Investment JSC and Vincom Retail Co. Ltd. - are non-callable for three years.
Vingroup is a real estate company based in Hanoi.
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