Vietnam, Indonesia and the Philippines are competing to become the first Asian country to sell bonds in foreign currencies in the international market early this year as the world’s economy is beginning to recover.
As scheduled, Vietnam will offer bonds worth about US$1 billion for terms of 10 years or more. Three banks, including Citigroup, Barclays Capital and Deutsche Bank, will carry out the transactions.
Meanwhile, Indonesia is planning to issue bonds worth US$4 billion for terms of 10-30 years. And the Philippines will sell bonds worth US$1.5 billion in US dollars or euros.
In 2005, Vietnam raised US$750 million by selling bonds in the international market.
Vietnam to offer bonds worth US$1 billion
Vietnam, Indonesia and the Philippines are competing to become the first Asian country to sell bonds in foreign currencies in the international market this year.
Source: VOV
