Vingroup wants to raise $325 million in international bonds

(Dan Tri) - Vingroup is preparing to issue 325 million USD (about 8,500 billion VND) of international bonds, with an interest rate of 5.5%/year.

On October 17, Vingroup Corporation (stock code: VIC) announced the Board of Directors' resolution on the issuance and offering of bonds at foreign stock exchanges (international bonds) and listing of international bonds.

Billionaire Pham Nhat Vuong's group plans to issue a maximum of 1,625 bonds with a face value of 200,000 USD/bond. The total expected issuance value is 325 million USD (about 8,500 billion VND). The bonds have a term of 5 years from the date of issuance, with an expected interest rate of 5.5%/year.

Vingroup's bonds are issued in USD, non-convertible, unsecured, and determine the direct debt repayment obligation of the issuer. The expected issuance time is in the fourth quarter of 2025.

The bonds will be issued and listed on the Vienna Stock Exchange, Austria. The bonds will not be offered or listed in Vietnam.

Vingroup Chairman Pham Nhat Vuong (Photo: Vingroup).

In addition to raising capital through bonds, the company also plans to issue additional shares in November. According to Vingroup, this capital increase will help increase liquidity for VIC shares when the price drops after the split.

On the same day, Vingroup's Board of Directors (BOD) approved the Resolution to establish Vin New Horizon Joint Stock Company with a charter capital of VND1,000 billion, of which Vingroup holds 65% of the charter capital. The company's main field of operation is investing in and managing healthcare centers for the elderly.

Vingroup has announced the launch of the Vin New Horizon brand - a chain of retirement and nursing homes and urban services. These urban areas will be 20-50 hectares in size, including hospitals, healthcare facilities, hotel systems, villas... for the elderly.

At the end of the trading session on October 17, VIC shares reached 204,000 VND, up 403% since the beginning of the year. Following the stock's upward trend, Mr. Pham Nhat Vuong's assets also increased by 14.7 billion USD, to 19.1 billion USD.

Source: https://dantri.com.vn/kinh-doanh/vingroup-muon-huy-dong-325-trieu-usd-trai-phieu-quoc-te-20251018143404621.htm