Recently, Vingroup Group (code: VIC) published information about the successful issuance of the VICH2426002 bond with a total value of VND 2,000 billion. This bond was issued on April 17, 2024, with a term of 24 months and a maturity date of April 17, 2026, with an interest rate of 12.5% per annum.
Previously, Vingroup approved a private bond offering with a total issuance value of VND 8,000 billion. This is a non-convertible corporate bond, not accompanied by warrants, unsecured, and determines Vingroup’s direct debt obligation.
The bonds will be divided into 4 issuance tranches, expected to be implemented from April 2024 to June 2024, with a maximum term of 24 months from the date of issuance. The proceeds from the issuance will be used to restructure Vingroup’s debts.
Source: HNX.
Thus, this is the second bond issuance in a total of 4 bond issuances by Vingroup Group, and also the successful bond issuance in April.
Previously, on April 17, Vingroup also announced the successful issuance of the VICH2426001 bond with a total value of VND 2,000 billion, the issuance date was April 10, 2024, the term was 24 months, and the maturity date was April 10, 2026, with an interest rate of 12.5% per annum.
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