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Updated Wednesday, January 27, 2010 10:40 am TWN, Bloomberg

Vietnam sells US$1 billion of bonds in 2nd global issue

NEW YORK -- Vietnam raised US$1 billion from its second global bond sale, offering higher yields than lower-rated Philippines and Indonesia, amid the busiest start to a year for global borrowing by developing nations since 2005. The Southeast Asian nation's government sold 10-year bonds to yield 6.95 percent, or 3.33 percentage points more than Treasuries, according to Bloomberg data. Barclays Plc, Citigroup Inc. and Deutsche Bank AG managed the sale. Indonesia paid 2.28 percentage points more and the Philippines gave an extra yield of 1.84 percentage points in sales earlier this month.

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