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BID - Pricing of offshore stake will not be a drag on the market - Update

BIDV guiding for 3Q15 completion of offshore capital raising, thereby indicating preparedness to play hardball on pricing and unlikely to be below IPO price of VND18,583 per share. Only one of 10% or 15% offshore stakes indicated as being a “sure thing”. Supplementing offshore sales is 10% issuance to existing investors to be done in 1H15 and considered second leg of “sure thing”.