StanChart arranges $100 million syndicated loan for Vietnam-based Stavian Chemical

Standard Chartered Vietnam has acted as the sole mandated lead arranger and bookrunner in a $100 million maiden offshore syndicated loan transaction for Stavian Chemical JSC.

Standard Chartered advised Stavian Chemical on the financing structure and strategized the market approach to form a bank group to achieve Stavian Chemical’s goal of raising the facility amount.

The loan deal will enable Stavian Chemical, a Vietnam-based multinational industrial enterprise, among the 17 largest global chemical distributors (according to Independent Commodity Intelligence Services as of 2024), and a leading biodegradable plastic packaging manufacturer, to tap on the full $50 million greenshoe option and upsize the syndicated short-term loan facility to $100 million.

The transaction in the USD syndicated loan market is strategically important for Stavian Chemical as it enables it to diversify its funding sources and obtain financing that acts as a natural hedge to its business primarily denominated in foreign currency, Standard Charter said in a Tuesday announcement.

Standard Chartered Vietnam’s CEO and head of banking & coverage Nguyen Thuy Hanh said: “Being deep-rooted in Vietnam for 120 years, Standard Chartered is committed to delivering successful financing solutions and supporting growth in Vietnam and across our network. In particular, for the Stavian Chemical case, we also connect the client with our network in China, Hong Kong, ASEAN markets, and many more to come as the company implements its global growth plan.”

Chairman of Stavian Chemical Dinh Duc Thang said: “During 15 years of development, we have established solid relationships with both local and foreign banks in Vietnam. This deal marks a milestone in our financing activities as a global distributor with customers in more than 100 countries and territories.”