Vietcombank is considering maiden public offshore bond issue: sources
The transaction could reportedly raise US$300 million between November and March
Vietcombank, Vietnam's largest lender, is considering issuing its first-ever public offshore bond, according to sources familiar with the talks. The transaction could raise up to US$300 million between November and March. This move comes as the Vietnamese government also ponders its first overseas bond in over a decade, amid domestic rivals rushing to tap overseas funding to meet growing loan demand.
State-controlled Vietcombank is still finalizing its plans, speaking anonymously due to the unpublicized nature of the information. The bond would be denominated in US dollars and may be issued during the specified period.
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