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APAC Chart of the Week: Vietnamese companies active in loan market with USD 1.38bn volume YTD, USD 870m in pipeline

APAC Chart of the Week: 24th June

Vietnamese corporates have been active in the syndicated- and club-loan market so far this year, registering a volume of USD1.38bn across eight deals, and with at least eight more deals totaling USD 870min the pipeline.

The volume of deals completed YTD is the highest for the period since 2013, except for 2019 when several transactions by Vietnamese subsidiaries of overseas companies – mainly Taiwanese and South Korean – boosted the numbers.

A total of USD 3.68bn loans across 11 deals were closed in the same period in 2019, with borrowings by Vietnamese manufacturing subsidiaries of overseas companies accounting for USD 1.96bn, or 53.3%, of the volume, from six such deals. No transactions from such companies have closed in 2020 YTD.

The most recent Vietnamese deal launched is Ho Chi Minh City-listed mobile retailer Mobile World Investment Corp’s USD100m unsecured one-year bullet loan, while those in the pipeline include three deals from domestic financial institutions and two from Vietnamese subsidiaries of Taiwanese companies.

Jason Huang-Jones APAC Data Manager Debtwire
Jason Huang-Jones APAC Data Manager Debtwire

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