First unlisted Vietnamese enterprise issues green bonds on i

First unlisted Vietnamese enterprise issues green bonds on int'l market


Sunday, 11:05, 09/05/2021
BIM Land Real Estate, a member of BIM Corporation, has become Vietnam’s first unlisted firm completing the issuance of US$200-million green bonds without guarantee assets on the Singapore Exchange (SGX).
Singapore Exchange. Photo: Singapore Press Holding
The firm’s bonds, given a B2 rating by Moody’s and B by Fitch, were issued with a maturity period of five year and an interest rate of 7.375% per year, with Credit Suisse, UBS and Standard Chartered Bank involving in arranging the deal.
General Director Doan Quoc Huy said BIM Land’s successful deal shows Vietnamese firms are capable of raising funds from international bond market, referring to demand for bonds from foreign investors were more than triple the amount on offer.

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