Becamex IDC (BCM), the Industrial Investment and Development Corporation, has successfully issued bond code BCMH2427003, with a 3-year term and a total fundraising value of VND 500 billion. The bond issue has an interest rate of 10.2% per annum and matures on August 14, 2027.
This is the fifth successful bond issuance by Becamex IDC since the beginning of the year. In the four previous issuances, the company successfully raised 1,200 billion VND. Thus, from the beginning of the year until now, the total value of bonds issued by Becamex IDC is 1,800 billion VND. All of these bond issuances have a 3-year term and will mature in 2027.
Notably, in addition to raising capital through bonds, Becamex IDC is also planning to issue 300 million shares through a public auction at a price no lower than 50,000 VND per share.
The company expects to raise at least VND 15,000 billion from the offering to develop a series of key industrial parks, invest in existing companies, and restructure the corporation's finances. Of this amount, VND 6,300 billion will be used for project investment, VND 3,634 billion for investing in existing members, and VND 5,066 billion for financial restructuring.
The list of projects expected to receive disbursed funds includes: Bau Bang Industrial Park expansion (3,500 billion VND), Cay Truong Industrial Park (2,800 billion VND), VSIP (2,118 billion VND), Becamex Binh Phuoc (900 billion VND), Becamex - VSIP Power Investment and Development Joint Stock Company (216 billion VND), Becamex Binh Dinh (200 billion VND), and VSSES (200 billion VND).
Becamex IDC is currently focusing its efforts on two key projects: the Bau Bang Industrial Park (1,000 hectares) and the Cay Truong Industrial Park (700 hectares), both located in Binh Duong province. These are also the two projects where the company plans to invest the most capital after issuing shares to increase its capital as planned.
The Bau Bang Industrial Park project, spanning over 2,000 hectares, comprises 50% industrial land and 50% urban service land, aiming to meet the land lease needs of investors building factories. Currently, the project is in phase 2, called "Bau Bang Industrial Park Expansion," expanding its development by an additional 1,000 hectares.
The Cay Truong Industrial Park, with a planned area of approximately 700 hectares and a total investment of over 5,459 billion VND, is being developed by Becamex IDC. The company has approved the investment plan, with construction expected from 2022 to 2026 and infrastructure leasing from 2022 to 2030. Several securities companies predict that the Cay Truong Industrial Park could generate significant cash flow for Becamex IDC within the next 3-5 years.
Source: https://laodong.vn/kinh-doanh/lien-tuc-huy-dong-hang-nghin-ti-becamex-idc-rot-vao-dau-1387702.ldo
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