Vietnam’s SHB Raises S$229 Million Through Social Bond Issuance

On 27 October, Saigon-Hanoi Commercial Joint Stock Bank (SHB) announced a S$229 million social bond issuance, equivalent to approximately US$179 million. The offering comprises S$129 million of three-year notes with a 2.9% annual coupon and S$100 million of five-year notes carrying a 3.15% coupon; the issuance is guaranteed by the Credit Guarantee and Investment Facility and is intended to support lending to local micro, small and medium-sized enterprises. Banks, lenders and investment managers can explore opportunities in credit-risk modelling, bond analytics and portfolio monitoring. HPC can support financial forecasting and data-intensive risk systems; contact HPC for a quotation based on the scope of your requirements.