Vietcap signs $45m syndicated loan facility

Thursday, Jul 13, 2023 15:12

Obtaining foreign loans at competitive costs would enhance Vietcap’s resources and business prospects. — Photo courtesy of the company

Vietcap Securities (HOSE: VCI) has signed a deal for a US$45million syndicated loan with Shanghai Commercial and Savings Bank through its offshore banking branch.

The loan carries short-term interest rates based on international market rates.

Vietcap has borrowed on four previous occasions between 2020 and 2022.

The company said the loan is a testament to its credit standing among investors, and was expected to pave the way for more offshore syndicated transactions in future.

Obtaining foreign loans at competitive costs would enhance its resources and business prospects, it added. — VNS

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