HSBC named Best International Investment Bank in Vietnam by Asiamoney

The accolade comes following its FinanceAsia Award as the Best Investment Bank in Vietnam for this year. The two esteemed awards presented by prominent international institutions serves as a testament to HSBC Vietnam's investment banking leadership and general capability at navigating through volatile markets with repeat and successful issuances.

HSBC Vietnam has once again been recognised for its innovative and value-adding products as it seeks to enhance the depth and sophistication of the Vietnamese capital markets through liquidity amid the current volatility, as well as a focus on sustainability and ESG. Another factor that sets HSBC apart from the competition is the dedicated teams who have worked relentlessly to create solutions for clients.

Despite an array of challenges, HSBC Vietnam has been executing several landmark transactions for Vietnamese clients, helping them to raise over USD2 billion in 2022 and building a strong deal pipeline for this year and beyond. Most notably, it has co-operated with a number of other banks to provide Vietnam Technological and Commercial Joint Stock Bank (Techcombank) with a US$700 million senior unsecured syndicated term loan facility and a US$300 million greenshoe.

The deal marked the largest syndicated loan by a non-state-owned bank in the country and was the first triple-tranche transaction by a Vietnamese financial institution. It represented Techcombank’s largest syndicated term loan to date, with this transaction being oversubscribed, allowing Techcombank to increase the loan size by 43%.

HSBC Vietnam also helped to bring the first green syndicated term loan to the market, acting as a joint green finance co-ordinator and mandated lead arranger and bookrunner for Vingroup. The proceeds from the transaction were in line with the 2021 Green Loan Principles and in compliance with Vingroup’s Sustainable Finance Framework which HSBC supported to build in 2021. This made up Vingroup’s first green loan and HSBC’s fifth syndicated loan transaction for the client. It also met with strong demand and was sold to 13 lenders during syndication, thereby leading to the upsize of the deal from US$400 million to US$500 million.

2022 also saw the bank act as Joint Mandated Lead Arranger, Underwriter, and Bookrunner on a landmark transaction for Masan Group Corporation (Masan) and The Sherpa Company Limited - a direct subsidiary of Masan. The loan was initially set to raise US$375 million, although it was 3.3 times oversubscribed and increased to US$600 million, making it the largest and longest-dated syndicated loan that Masan has ever raised. The success of the transaction therefore underscores HSBC’s ability to provide an underwritten financing solution, this is despite prevailing market uncertainty and macroeconomic headwinds, showcasing the bank’s capability of leveraging leading origination, as a distribution platform, and its strong read of the market to drive a positive outcome for the client.

“We believe that receiving this recognition from Asiamoney is a testament to our strong commitment to delivering the best possible outcomes for our clients while also being a reflection of the unwavering efforts of our team members who actively endeavour to open up a world of opportunities for Vietnamese and international corporates," said Tim Evans, CEO of HSBC Vietnam.

 "The strength of the market response and the frequency of repeat large transactions from marquee names not only underscores our ability to execute and structure complex transactions but it also confirms the confidence of investors in the country's prospects and its businesses growth potential," he added.