Vietinbank bond sale wins regulatory approval

VietinBank's planned $500 million international bond sale has been approved by Vietnam's central bank.

It is now seeking approval for the sale from the finance ministry, according to the bank's deputy general director Le Duc Tho, who added that while they plan to sell the bonds in the fourth quarter, they have to be flexible.

“We will choose the most suitable and most favourable timing for the bond sale, based on market conditions,” he said.

The sale would be first of dollar-denominated notes for the bank and the third sale of US dollar bonds by a Vietnamese corporate borrower this year.

“Given the timing, I am not sure if VietinBank can make it in the fourth quarter,” said Nguyen Tan Thang, head of fixed- income research at HCM City Securities Corp.

“It’s also not a good time to sell bonds in the international market because they may get a very expensive yield,” he said.

Also Read

Citi, Fidelity demonstrate real-time settlement of MMF and digital FX

Citi launches Citi Digital Bill to speed up monetization of receivables

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit