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