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Published on 4/20/2021 in the Prospect News Convertibles Daily.

New Issue: Vietnam’s Vingroup prices $500 million 3% exchangeables due 2026

By Rebecca Melvin

Concord, N.H., April 20 – Vietnam's Vingroup JSC sold $500 million 3% exchangeable bonds due 2026, according to a listing notice.

The bonds will be listed on the Singapore exchange effective on Wednesday.

The Regulation S notes were sold by Credit Suisse (Singapore) Ltd., HSBC Ltd., Singapore Branch, and Morgan Stanley Asia (Singapore) Pte. as lead managers and lead bookrunners.

Vingroup is a real estate, tourism, hospitality development and management company.

Issuer:Vingroup JSC
Amount:$500 million
Description:Exchangeable bonds
Maturity:April 20, 2026
Bookrunners:Credit Suisse (Singapore) Ltd., HSBC Ltd., Singapore Branch, and Morgan Stanley Asia (Singapore) Pte.
Coupon:3%
Settlement date:April 20
Listing date:April 21
Distribution:Regulation S

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