VCSC signs $100m syndicated loan facility

May 14, 2022 - 14:37

Viet Capital Securities Joint Stock Company has signed a syndicated loan facility for US$100 million arranged by Taiwan’s Mega International Commercial Bank (Megabank) through its offshore banking branch.

At a VCSC’s transaction office. The company has signed a fresh syndicated loan facility for US$100 million. — Photo courtesy of the company

HCM CITY — Việt Capital Securities Joint Stock Company has signed a syndicated loan facility for US$100 million arranged by Taiwan’s Mega International Commercial Bank (Megabank) through its offshore banking branch.

It said it would carry short-term interest rates based on the international money market.

VCSC raised funds in a similar manner twice before in May 2020 and November 2021.

The company said the positive response from the market was a testament to its credit standing among investors, and was expected to pave the way for more offshore syndicated transactions in future.

Foreign loans at competitive costs would give it more resources to promote its business, including margin lending at competitive cost, it added. — VNS

Tags VCSC syndicated loan Viet Capital Securities

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

bizhub

Taiwan and Việt Nam collaboration in the water treatment sector is promising prosperity

bizhub

Maersk opens its first bonded warehouse in Việt Nam

More on this story

bizhub

Regent Hotels & Resorts opens first resort in Việt Nam

IHG Hotels & Resorts debuts its first resort under its upper luxury brand, Regent Hotels & Resorts, in South East Asia with the opening of Regent Phu Quoc, its first resort in Việt Nam on April 19.

bizhub

VinFast announces opening of pre-orders for electric vehicles in Việt Nam, US

Automaker VinFast on January 4 announced it will receive pre-orders for its electric SUV models VF e35 and VF e36 in Việt Nam and the US during the VinFast Global EV Day within the framework of the technology exhibition CES 2022 in Las Vegas, the US.

bizhub

Vietinbank donates to support Vietnamese students in Japan

Vietinbank has donated VNĐ1.1 billion (US$47,513) to Vietnamese students studying in Japan who are facing difficulties due to the COVID-19 pandemic.

bizhub

Saigon Co.op slashes prices of essential goods for three weeks

Saigon Co.op’s retail chains, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smiles, are offering many attractive promotions on essential goods for 21 days from August 20 under its “Proud of Vietnamese Goods 2020” programme to reduce consumers’ spending burden amid the Covid-19 pandemic.

bizhub

IP developer Becamex to list on HOSE on August 31

Industrial park (IP) developer Becamex IDC Corp. has announced its shares will be traded on the Ho Chi Minh Stock Exchange with the code BCM starting from August 31.

bizhub

VLC to buy two million VNM shares

Vietnam Livestock Corporation JSC (VLC), an affiliate of GTNfoods, plans to buy two million shares of Vinamilk, the largest dairy producer of Việt Nam listed as VNM on Hồ Chí Minh Stock Exchange (HoSE).

bizhub

Vinalines to switch to a joint stock company with new name VIMC

Việt Nam National Shipping Lines (Vinalines) will officially operate as a joint stock company with the new name Việt Nam Maritime Corporation (VIMC) from September 1.

bizhub

Southeast Asia, ‘fertile land’ for online payments, e-wallets

The obvious effects of the Covid-19 pandemic include the rapid increase in online payment services and digital banking across Southeast Asia.

bizhub

Johnson & Johnson COVID-19 vaccine candidate demonstrates protection in pre-clinical studies

Johnson & Johnson on July 30 announced that its lead vaccine candidate protected against infection by SARS-CoV-2, the virus that causes COVID-19, in pre-clinical studies.