Economy & Money Business VCSC signs $100m syndicated loan facility
VCSC signs $100m syndicated loan facility
Viet Capital Securities Joint Stock Company has signed a syndicated loan facility for US$100 million arranged by Taiwan’s Mega International Commercial Bank (Megabank) through its offshore banking branch.
HCM CITY — Việt Capital Securities Joint Stock Company has signed a syndicated loan facility for US$100 million arranged by Taiwan’s Mega International Commercial Bank (Megabank) through its offshore banking branch.
It said it would carry short-term interest rates based on the international money market.
VCSC raised funds in a similar manner twice before in May 2020 and November 2021.
The company said the positive response from the market was a testament to its credit standing among investors, and was expected to pave the way for more offshore syndicated transactions in future.
Foreign loans at competitive costs would give it more resources to promote its business, including margin lending at competitive cost, it added. — VNS
Source: VNN
| < Prev | Next > |
|---|
» VNDirect receives $100 mln syndicated loan from foreign financial institutions
» VCSC signs $100m syndicated loan facility
» VNDirect Securities Corporation receives $100 million syndicated loan from foreign financial institutions
Latest Category Posts
Popular Category Posts
- Seven Vietnamese billionaires among world’s richest: Forbes
- Billion-dollar projects stir hope of economic recovery
- Foreign companies make a beeline to Vietnam industrial zones
- Business wants HCMC to focus on logistics infrastructure
- Vietnam food company acquires French poultry firm
- Tan Hoang Minh to sell developments, refund bond buyers
- Vietnam to import coal from Australia amid power shortage fears
- Vietnam braces for rising prices amid Ukraine crisis
