Viet Capital Securities secures $100 million syndicated loan package from foreign banks

November 25, 2021 | 08:50

(0) user say

Ho Chi Minh City-based Viet Capital Securities JSC (HSX: VCI) has just announced its $100 million syndicated loan contract with a consortium of foreign banks.

Viet Capital Securities secures $100 million syndicated loan package from foreign banks

Viet Capital Securities has bagged a syndicated loan package of $100 million

The loan agreement could be extended to up to $150 million, the brokerage revealed.

In particular, the package has a short-term interest rate based on the international monetary market and is planned to be disbursed in two phases.

This is a syndicated loan arranged by Maybank Kim Eng Securities from a number of overseas banks, with Malayan Banking Berhad (Singapore branch) as one of the lenders.

First Commercial Bank, Hua Nan Commercial Bank, Taishin International Bank, Chang Hwa Commercial Bank, Taiwan Business Bank, Taiwan Cooperative Bank, KEB Hana Bank, and Sunny Bank are among the major banks involved in the loan syndication.

Prior to successfully arranging this loan, Viet Capital Securities negotiated an unsecured partnership loan of $40 million from a group of global financial institutions in the second quarter of 2020, including Sinopac Bank.

This has demonstrated the company’s credibility among large institutions in the international financial market and it also serves as a foundation for Viet Capital Securities to continue to harvest syndicated transactions in the future.

By Lam Tien

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional