New Issue: Vietnam prices $750 million 10-year global bonds to yield 7 1/8%

By Reshmi Basu

New York, Oct. 27 - The Government of the Socialist Republic of Vietnam priced an upsized $750 million offering of 10-year global bonds (Ba3/BB-) at 98.223 with a 6 7/8% coupon to yield 7 1/8%, according to a market source.

The deal, increased from $500 million, priced in line with price guidance that was in the area of 7¼%.

Credit Suisse First Boston was the bookrunner for the Rule 144A/Regulation S transaction. Citigroup is the lead manager. Deutsche Bank Securities, HSBC, JP Morgan, Merrill Lynch and Morgan Stanley are co-managers.

Issuer:	The Socialist Republic of Vietnam
Amount:	$750 million
Issue:	Global bonds
Maturity:	Jan. 15, 2016
Coupon:	6 7/8%
Issue price:	98.223
Yield:	7 1/8%
Spread:	256.4 basis points more than Treasuries
Bookrunner:	Credit Suisse First Boston
Lead manager:	Citigroup
Co-managers:	Deutsche Bank Securities, HSBC, JP Morgan, Merrill Lynch, Morgan Stanley
Ratings:	Moody's: Ba3
	Standard & Poor's: BB-
Price guidance:	7¼% area

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