Credit Suisse First Boston (CSFB) is the sole bookrunner in the US$750 million inaugural offering of global US dollar bonds by The Government of the Socialist Republic of Vietnam. The unsecured fixed rate notes are due 2016.
Other syndicate members included Citigroup, Deutsche Bank, HSBC, JP Morgan, Merrill Lynch, Morgan Stanley and Nomura.
This is Vietnam’s first ever international bond offering and marks the country’s foray into the international capital markets. Proceeds raised from the 10-year bond, bumped up from an earlier US$500 million, will go toward investments in various large projects for state-owned Vinashin, Vietnam’s largest shipbuilder, Electricity Vietnam and Vietnam Airlines.