Masan to issue $300 million non-convertible bonds to foreign investors

December 16, 2016 | 20:37

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Masan Group Corporation (MSN) has received the shareholders’ approval to issue a non-convertible international bond volume worth $300 million to foreign investors.

The bond is valued at $1,000 per unit with the duration of 5-10 years. These bonds will be issued in accordance with Regulation S and/or 144A of the US Securities Act.

The bonds are put on sale for international organisations, foreign investment funds as well as non-public banks. After issuance, these bonds will be listed on the Singapore stock exchange. Singapore’s Credit Suisse Ltd. and Deutsche Bank AG’s Singapore branch are advising Masan Group on the deal.

MSN is one of Vietnam’s largest private sector business groups, focusing on the consumption and resources sectors.

MSN established Masan Consumer Holdings as the primary platform to further exploit opportunities in the Vietnamese consumption segment. It operates in three business lines, namely food and beverage, animal protein. It primarily offers animal protein, as well as soy sauce, fish sauce, chilli sauce, instant noodles, instant coffee, instant cereals, and bottled beverages. Its core holdings include Masan Consumer and Masan Brewery.

In early November, MSN announced plans to buy a 27.3 per cent stake and become the full owner of Masan Resources Corporation (MSR), owner of Nui Phao Mining Company.

MSN offered VND15,500 ($0.68) for each MSR share. The purchase, which will be carried out through its subsidiary Masan Horizon Corporation (MH), is expected to be completed this year.

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