SSI receives $100 million unsecured syndicated loan from leading Taiwanese banks

July 27, 2021 | 16:13
On July 26, SSI Securities JSC (HSX: SSI) announced a new $100 million unsecured syndicated loan package from a group of leading financial institutions from Taiwan.
SSI receives $100 million unsecured syndicated loan from leading Taiwanese banks
SSI has secured the $100 million in three short months

A consortium of Taiwan-based lenders including Union Bank of Taiwan, Taipei Fubon Commercial Bank, Bank of Taiwan, Taiwan Shin Kong Commercial Bank, and Hua Nan Commercial Bank, among others, has inked an agreement to facilitate $100 million with a 12-month tenture to address SSI’s demands to roll out better financial services in Vietnam. The syndicated loan package is expected to be disbursed in two phases.

Union Bank of Taiwan and Taipei Fubon Commercial Bank are the mandated lead arrangers and bookrunners.

The loan was arranged by the Investment Banking Division of SSI after only three months of negotiation.

This is also the largest-value foreign unsecured loan among domestic securities brokerages, which clearly illustrates SSI’s credentials, resilience, and leading market position in the country.

Nguyen Vu Thuy Huong, managing director of Treasury Division cum managing director of Principal Investment at SSI emphasised, “The new additional capacity from the foreign loan package will broaden our horizon and help us bring best-in-class financial services to our customers."

She added, “SSI’s new loan will be used wisely in promising segments that bring high profits and low risks, enhance our competitiveness, and facilitate customers with the most competitive expenses, particularly regarding margin lending.”

By Luu Huong

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