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Vingroup-Joint Stock Company (Stock Code: VIC) has announced a Board of Directors Resolution regarding the issuance and listing of international bonds on the Vienna Stock Exchange (Austria).
Specifically, Vingroup plans to issue a maximum of 1,625 bonds, with a face value of USD 200,000 per bond, totaling USD 325 million (equivalent to approximately VND 8,500 billion). The bonds have a 5-year term, an expected interest rate of 5.5% per annum, and will be issued in USD.
These are non-convertible, unsecured bonds without warrants, representing a direct debt obligation of the issuer. Bondholders have the option to receive shares of Vinpearl Joint Stock Company (Stock Code: VPL), owned by Vingroup.
The issuance is scheduled for Q4/2025, subject to approval by state authorities.
In other news, Vingroup has announced plans to conduct a third written shareholder consultation in 2025.
The final registration date for shareholders to exercise their consultation rights is October 30, 2025, with the ex-rights date being October 29, 2025.
The consultation ratio is 1 common share per decision-making right. The consultation is expected to take place in November 2025 at Vingroup’s headquarters.
The proposed consultation topics (tentative) include issuing shares to increase charter capital from owner’s equity and other matters within the Board’s authority (if any). Detailed content will be decided by the Board at the time of formal implementation.
Vingroup’s Board has also issued a Resolution approving adjustments to the Ha Long Xanh Complex Urban Area Project in Tuan Chau and Ha An wards, Quang Ninh Province.
Accordingly, the Board approved adjustments to the project information in Resolution No. 14/2020/NQ-HĐQT-VINGROUP dated July 8, 2020, to align with current conditions and project requirements, including:
Project location (due to changes in administrative boundaries) in Tuan Chau and Ha An wards, Quang Ninh Province.
Regarding investment scale, the total land area for the project is approximately 4,119.23 hectares, comprising about 933.23 hectares in Tuan Chau ward and approximately 3,186 hectares in Ha An ward. The total investment for the project is VND 456,639 billion.
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