ANZ, Song Da Finance Complete Corporate Bond Issuing

ANZ has finished holding the first corporate bond issue worth of VND1,500 billion (US$79 million) for Song Da Holdings Corporation. This is the second year in a row ANZ arranges VND bond issues but the first time in 2010.

 

ANZ and Song Da Finance Joint Stock Company joined forces as lead managers and book-runners for the five-year bonds of Song Da - a leading infrastructure and construction group in Vietnam. The bond carries a fixed coupon of 15 % for the first year and a floating rate of the average 12-month deposit rate of Vietnam’s four major banks plus four %age points in later years.

 

Entering Vietnam in 1993, ANZ is one of the first lenders having a foreign-owned bank here. The bank provides a full range of corporate finance services, capita market, commercial financing, financial services for small businesses, personal financial services and others.