Ho Chi Minh City, 22 May 2018

VILAF was Vietnam counsel for Credit Suisse, as the lead manager, on a US$310 million concurrent equity placement and convertible bond offering by No Va Land Investment Group Corporation (“Novaland”), marking the first ever capital raising for a Vietnamese company in a concurrent equity placement and convertible bond offering. Vietnam also has not had any other international equity-linked bond listing transaction since the first one in 2012.

The concurrent equity and bond transactions saw strong interest from international investors in both Asia and Europe.

The offering of US$160 million of convertible bonds was made outside the United States under Regulation S. The convertible bonds, issued at par, carry a coupon of 5.50% per annum payable semi-annually in arrears and a yield to maturity of 6.25% per annum.

Novaland is a leading real estate developer in Vietnam.

From VILAF, Partner Vo Ha Duyen and Partner Pham Si Hai Quynh advised Credit Suisse, assisted by Senior Associate Nguyen Thanh Tung and Senior Associate Nguyen Thi Phuong Nga.