Saturday, May 14, 2022 14:37
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
In the second quarter, gross profit reached VNĐ690 billion, with gross profit margin rising to 20.4 per cent from 19.5 per cent in the previous year.