PRESS RELEASE

VIETCAP SIGNS USD45MN SYNDICATED LOAN FACILITY

Vietcap Securities (HOSE: VCI, “Vietcap” or “the company”) is pleased to announce that it has signed syndicated loan financing for USD45mn (equivalent to VND1,062bn).

The loan was arranged by Shanghai Commercial and Savings Bank, Ltd., through its offshore banking branch, and carries short-term interest rates based on the international money market.

The loan represents yet another successful fundraising endeavor for Vietcap following four previous fundraising rounds in October 2022, May 2022, November 2021 and May 2020. The positive response from the market is a testament to Vietcap’s credit standing among investors and is expected to pave the way for future offshore syndicated transactions.

Vietcap’s previous syndicated loan facilities include:

  • October 2022: USD105mn, with a greenshoe option for a facility size of up to USD150mn, arranged by Maybank Securities Pte. Ltd and O-Bank Co., Ltd, as mandated lead arrangers and bookrunners, with Malayan Banking Berhad, Singapore Branch as one of the lenders.
  • May 2022: USD100mn arranged by Mega International Commercial Bank (Megabank) through its offshore banking branch.
  • November 2021: USD100mn, with a greenshoe option for a facility size of up to USD150mn, from a group of banks arranged by Maybank Kim Eng Securities Pte Ltd (now known as Maybank Securities Pte Ltd), with Malayan Banking Berhad, Singapore Branch as one of the lenders.
  • May 2020: USD40mn syndicated unsecured loan from a group of banks led by Bank Sinopac. 

Vietcap is committed to delivering the best service quality to customers and optimizing benefits for shareholders. Therefore, expanding foreign loans with substantial capital at competitive costs will provide Vietcap with more resources enhance the company's business. 

Vietcap Syndicated Loan July 2023 - final.pdf

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