The Australia and New Zealand Banking Group (ANZ) has won the “Best Deal” award for Vietnam presented by the Asset Triple A Country Awards, Asia ’s most prestigious award in recognition of excellence in financial services. The award highlights ANZ’s arrangement of FPT Corp’s 1.8 trillion VND bond issue with warrants.
This is the first deal ever from a Vietnamese issuer to be structured in bonds with detachable warrants format, opening up an alternative funding avenue at a lower interest rate.
The deal offers investors a coupon of 7 percent per annum with a term of 3 years. Some 1,158 warrants were issued for every 1 billion VND of the bonds and the warrants were immediately detachable after the settlement./.
This is the first deal ever from a Vietnamese issuer to be structured in bonds with detachable warrants format, opening up an alternative funding avenue at a lower interest rate.
The deal offers investors a coupon of 7 percent per annum with a term of 3 years. Some 1,158 warrants were issued for every 1 billion VND of the bonds and the warrants were immediately detachable after the settlement./.
