ADB to contribute to ASEAN+3 Credit Guarantee Facility

The Asian Development Bank (ADB) and ASEAN nations, along with China, Japan, and the Republic of Korea, are moving to establish a jointly owned credit guarantee facility, which is aimed at promoting financial stability and boosting long-term investment in the region.

Credit Suisse aids world bond issue

Kinh Bac City Development Holding Co, listed on the HCM Stock Exchange, will issue 200 million USD worth of convertible bonds overseas in accordance with an agreement signed last week with Credit Suisse.
Petro Vietnam Finance sells bonds Business

Petro Vietnam Finance sells bonds

Petro Vietnam-Finance Co (PVFC) on November 24 sold one trillion VND (55.6 million USD) worth of its corporate bonds to a group of four Vietnamese banks.

VN Finance links up with Standard Chartered

EVN Finance Co and Standard Chartered Bank Vietnam signed a memorandum of understanding to boost cooperation in such areas as money markets, foreign exchange, structured products and derivatives, cash management and training.

Vietnam’s corporate bond market warms up

Vietnam’s corporate bond market is showing signs of recovery after a series of local banks announced their plans to issue more bonds from now through early next year.

Noteworthy are plans by Saigon Thuong Tin Commercial Joint Stock Bank (SacomBank) to sell 3 trillion VND (168 million USD) worth of bonds in the third quarter of this year; and Saigon Commercial JS Bank (SCB) with 1 trillion VND worth of convertible bonds in the first quarter of next year.

Vietnam’s bond market association debuts

The Vietnam Bond Market Association (VBMA) made its debut in Hanoi on August 14, setting the stage to further spur the development of the bond market and other financial tools in the country.

ASEAN+3 to set up landmark bond fund

ASEAN plans to join China, Japan and the Republic of Korea (RoK) in setting up a multibillion-dollar bond-guarantee fund so firms can more easily raise capital and invest in the region, said “The Nation” newspaper of Thailand on July 20.

“China, Japan and RoK, have already committed to contributing to the fund with an initial investment of about 1 billion USD," a source told the newspaper.