Vingroup completes issuing international bonds worth US$525 million
VOV.VN - The Joint Stock Company of Vingroup, Vietnam's largest conglomerate, has finalized its bond issuance on the international market with a total value of US$525 million, according to details given by the Hanoi Stock Exchange (HNX).
Through the five-year bonds, the bondholder will be given the right to choose shares of VinFast owned by Vingroup in accordance with the United States’ provisions of the Securities Act 1933.
This comes after Vingroup unveiled a plan to issue bonds to the international market at a maximum value of US$1.5 billion late last year, with the bond issuance being divided into two phases.
After completing the first issuance, Vingroup is anticipated to continue conducting the second bond offering with a total value of roughly US$975 million moving forward.
A representative from Vingroup revealed that the group will make use of the US$1.5 billion collected from bond issuance to supplement capital for business activities, as well as increasing the capital scale through investing in the implementation of the VinFast automobile production complex project.
