Deutsche Bank said that Vietnam had built an excellent rapport with international investors following its issue of 10-year government bonds worth 750mio US$ two years ago.
The issue had created a pricing benchmark for Vietnam in international debt markets, and successfully opened up the country's capital market to foreign investors.
"Appetite internationally is currently very strong for Vietnam. International investors can absorb a huge number of issues from Vietnamese companies", according M. Luk (International Capital Markets Asia at Deutsche Bank)
In another issue, Electricity of Vietnam (EVN) made a 1 trillion VND (62.5mio US$) issue in November 2006 which was advised by Deutsche Bank, VinaCapital, and its EVN-affiliated An Binh Bank. It was sold mostly to offshore investors and was three times over-subscribed.
Source: VNA
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