The State Securities Commission of Vietnam (SSC) has announced the receipt of an application for the international bond issuance from Vingroup (Stock Code: VIC), listed on the Ho Chi Minh City Stock Exchange. The application was submitted on November 3, 2025.
The conglomerate, owned by billionaire Pham Nhat Vuong, plans to issue a maximum of 1,625 bonds with a face value of $200,000 per bond. The total expected issuance value is $325 million. The bonds will have a 5-year term from the issuance date, with an anticipated interest rate of 5.5% per annum.
The bonds will be denominated in US Dollars (USD), non-convertible, unsecured, and will represent direct debt obligations of the issuer. Bondholders will have the option to receive shares of Vinpearl Joint Stock Company (Stock Code: VPL), a subsidiary of Vingroup. The issuance is scheduled for Q4 2025, pending approval from state authorities.
The bonds will be listed on the Vienna Stock Exchange (Vienna MTF) in Austria and will not be offered or listed in Vietnam.
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