BankBoston Corp. said it was chosen by the State Bank of Vietnam to assist in restructuring the government's $900 million of foreign commercial bank debt.

Vietnam agreed in principle with its commercial creditors on a so-called Brady deal to restructure its debt, securing the forgiveness of 50% of its commercial bank debt.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.