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Vingroup has approved a plan to raise up to USD 350 million by issuing bonds on an international stock exchange. The USD-denominated bonds will carry a 5.75% coupon rate, mature in five years, and are expected to be listed on the Vienna Stock Exchange. Set for issuance in the second quarter, this move is part of Vingroup's broader strategy to strengthen its financial position and attract global investors. It follows the company's previous efforts to raise capital through domestic bonds and syndicated loans for business expansion.
Vietnam's Vingroup has received approval from its board to raise up to USD 350 million by selling bonds on an overseas stock exchange, according to a filing submitted to the Ho Chi Minh Stock Exchange.
The planned bonds will carry a coupon rate of 5.75% and will be denominated in USD. They are set to mature in five years and are expected to be listed on the Vienna Stock Exchange in Austria. The company intends to issue these bonds during the second quarter.
This is part of Vingroup's ongoing efforts to strengthen its financial resources and expand its capital base through international markets. The move aligns with its past initiatives to tap offshore funding for strategic growth and business expansion. By opting for an international listing, the company aims to attract a wider base of investors and enhance liquidity for its debt instruments.
Vingroup has previously explored various financing channels, including domestic bond issuances and syndicated loans, to support its diverse business segments spanning real estate, retail, and industrial operations. This new offshore bond issuance marks another step in its strategy to access global capital efficiently while maintaining competitive borrowing costs.
Source Reuters
5th Jun, 2025
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