Vingroup wants to issue international bonds
daitranvan 15-07-2020, 23:54
Vingroup wants to issue international bonds

This is the content the company will collect shareholders’ opinions in writing, closing the rights on August 4.

The Board of Directors of Vingroup (Code: VIC) has just approved the organization of collecting shareholders’ opinions in writing with the content of offering and listing bonds to the international market, closing the rights on August 4.

Regarding the details, the Board of Directors assigned Chairman Pham Nhat Vuong to decide at the time of official implementation.

Previously, at the 2019 Annual General Meeting of Shareholders, Vingroup’s shareholders approved the plan to issue US $ 750 million of international bonds, non-convertible, without warrants, without collaterals and listed on the Stock Exchange. Singapore Securities (SGX).

At the annual General Meeting of Shareholders this year, Vingroup also said that it will deploy forms of raising capital at home and abroad to invest, serving business strategies for both short, medium and long-term of the group.

Recently in early July, Vingroup announced an investment plan for Ha Long Xanh Complex Urban Area with a scale of 4,109 hectares and a total expected investment of 232,369 billion VND (equivalent to 10 billion USD). This project will be invested by Vingroup and its subsidiary Vinhomes (Code: VHM).