This is the third consecutive year Credit Suisse has received the Best Foreign Investment Bank in Vietnam accolade from The Asset, a leading industry business publication in Asia Pacific. This marks a continuation of the excellent track record the bank has in Vietnam and across Southeast Asia.
Le Hoai Anh, Vietnam Country Head, said: “As a bank that has demonstrated a consistent commitment to Vietnam, we are delighted that this has been recognised. Today’s announcement reflects the excellent reputation we have maintained in Vietnam as a leading bank in this promising market.”
Credit Suisse was the first investment bank to start covering Vietnam in 2001 and it has the most comprehensive Vietnam coverage team among its international peers. Since the start of its coverage, the bank has raised over US$6 billion of capital for the Vietnamese Government, domestic and foreign enterprises with Vietnamese assets.
In the period under review, Credit Suisse executed a broad range of market defining transactions that solidified its leadership position including an international bond offering, a share placement, an international syndicated loan, a loan restructuring and an equity swap.
Credit Suisse was sole global co-ordinator on the US$200 million senior notes offering for Vingroup in October 2013, which was the first ever benchmark US dollar denominated bond offering for a Vietnamese corporate and successfully re-opened the offshore US dollar bond market for Vietnamese issuers. The bank also handled a leadership role in the US$150 million international syndicated loan for Vingroup, the first ever real estate company in Vietnam to have successfully tapped the international syndicated loan market. Other deals included the US$630 million restructuring of an international syndicated loan for Vinashin, and a US$70 million treasury shares placement.
Credit Suisse is a leading player in Southeast Asia as the region forms a critical part of the bank’s Asia-Pacific business strategy. Apart from The Asset, in July, the bank has also won Best Investment Bank in Vietnam for the sixth time in Euromoney’s Awards for Excellence and no less than seven times in the last decade as Best Foreign Investment Bank in Vietnam in FinanceAsia’s Country Awards Achievements.
