Vingroup completes $325 mln overseas bond issuance

Vingroup, Vietnam's biggest listed company by market capitalization, has completed its international issuance of bonds totaling $325 million, with a 5-year maturity, and listed on Austria's Vienna Stock Exchange.

In an information disclosure document submitted to the Hanoi Stock Exchange on Monday, Vingroup (HoSE: VIC) said the transaction was completed on December 16 through an agent issuance method.

The corporation successfully issued 1,625 bonds (code VICD2328002) with a par value of $200,000 apiece and a yield of 5.5% per year. The maturity date is December 16, 2030.

The bonds will be non-convertible, non-warranted, and unsecured, and represent the direct repayment obligation of the issuer. They feature the right to receive shares of Vinpearl (HoSE: VPL) owned by Vingroup.

With the completion of the issuance, Vingroup has added long-term foreign currency financial resources to support the group's extensive business operations.

The conglomerate last Friday broke ground on or inaugurated 11 large-scale projects, reinforcing its role as a pioneering private enterprise in urban development, infrastructure, energy, and industry.

The projects span from Hanoi, and Quang Ninh and Hung Yen provinces in the north to Nghe An and Ha Tinh in the central region, as well as southern metropolis Ho Chi Minh City.