New Issue: Vietnam prices $1 billion 6¾% 10-year bonds at 98.576 to yield 6.95%

By Paul A. Harris

St. Louis, Jan. 25 - The Government of the Socialist Republic of Vietnam (Ba3/BB/) priced a $1 billion issue of 6¾% 10-year global bonds at 98.576 to yield 6.95% on Monday, according to a market source.

The yield printed toward the wide end of the 6¾% to 7% price talk.

Barclays Capital, Citigroup and Deutsche Bank were the bookrunners.

Issuer:	The Government of the Socialist Republic of Vietnam
Amount:	$1 billion
Maturity:	Jan. 29, 2020
Securities:	Global bonds
Bookrunners:	Barclays Capital, Citigroup, Deutsche Bank
Coupon:	6¾%
Price:	98.576
Yield:	6.95%
Spread:	333 bps
Trade date:	Jan. 25
Issuer ratings:	Moody's: Ba3
	Standard & Poor's: BB
Price talk:	6¾% to 7%

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