Masan Group has got a guaranteed international syndicated loan worth US$750 million from 15 participating global banks at an interest rate of 1.8 per cent. — Photo bnews.vn

HCM CITY — Masan Group Corporation has got a US$750 million underwritten, senior unsecured syndicated loan facility for six years tenor at a 1.8 per cent interest rate.

It is the largest and most competitively priced international corporate borrowing of its tenor for a Vietnamese private enterprise.

Danny Le, CEO of Masan Group, said: "When 15 international banks lend to Masan unsecured at 1.8 per cent – down from 3.5 per cent secured three years ago – they are pricing the durability of our future cash flows.

“Those cash flows compound across our consumer operating system: WinCommerce as the retail engine, and our brand engine, Masan Consumer and Masan MEATLife, converting that reach into a growing share of the daily wallet.

“Rising tungsten value and criticality add further optionality on top. Our credit has been re-rated, and our equity value will follow."

According to the company, the participation of 15 banks demonstrates strong interest from the international financial community.

It will allocate US$490 million for refinancing existing obligations and US$260 million as reserve for contingency.

The loan reduces its short-term refinancing pressure, and saves some US$4.4 million in interest per year.

The reserve will also allow Masan to preserve optionality while remaining committed to its medium-term deleveraging objective, supported by net debt-to-earnings improving from 3.9 in 2023 to 2.84 last quarter. — VNS