Military Bank sells VND1 trillion bonds

VNStockNews.com - Foreign-owned bank ANZ announced on Thursday that it and Thang Long Securities Co. had helped Military Commercial Joint Stock Bank (MB) sell out VND1 trillion worth of two-year bonds at a fixed rate of 10% per year.

ANZ acted as sole lead manager and sole book runner on this transaction. Thang Long Securities Company, a local securities firm and the investment banking arm of MB, was co-manager as well as registrar and paying agent for the bonds.

Thuy Dam, CEO of ANZ, said in a statement: “ANZ delivered a diversified distribution for this transaction with placement of the bonds with local banks, finance companies and asset managers.

“The broad investor distribution strategy has enabled MB to raise its profile amongst capital market investors and access an alternative pool of liquidity away from traditional loan markets.”

The transaction was rapidly executed in four weeks from mandate to pricing with an accelerated two-day bookbuild process targeted at investors.

Earlier, ANZ has helped Electricity of Vietnam (EVN) issue VND3.5 trillion worth of bonds.