VCSC signs $100m syndicated loan facility

Saturday, May 14, 2022 14:37

At a VCSC’s transaction office. The company has signed a fresh syndicated loan facility for US$100 million. — Photo courtesy of the company

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.

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

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