On October 17th, Vingroup Corporation (stock code: VIC) announced a resolution of its Board of Directors regarding the issuance and offering of bonds on foreign stock exchanges (international bonds) and the listing of international bonds.
Billionaire Pham Nhat Vuong's conglomerate plans to issue a maximum of 1,625 bonds with a face value of $200,000 each. The total value of the issuance is expected to be $325 million (approximately VND 8,500 billion). The bonds have a maturity of 5 years from the date of issuance, with an expected interest rate of 5.5% per year.
Vingroup's bonds will be issued in USD, are non-convertible, without warrants, unsecured, and directly define the issuer's debt repayment obligations. The issuance is expected to take place 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).
Besides raising capital through bonds, the company also plans to issue additional shares in November. According to Vingroup, this capital increase will help boost liquidity for VIC shares when the price falls after the stock split.
On the same day, the Board of Directors of Vingroup approved a resolution to establish Vin New Horizon Joint Stock Company with a charter capital of VND 1,000 billion, in which Vingroup holds 65% of the charter capital. The company's main business 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 senior living service and urban areas. These urban areas will have a scale of 20-50 hectares, including hospitals, medical care facilities, hotels, villas, etc., for the elderly.
At the close of trading on October 17th, VIC shares reached VND 204,000, a 403% increase since the beginning of the year. Following the stock's upward trend, Mr. Pham Nhat Vuong's net worth also increased by USD 14.7 billion, reaching USD 19.1 billion.
Source: https://dantri.com.vn/kinh-doanh/vingroup-muon-huy-dong-325-trieu-usd-trai-phieu-quoc-te-20251018143404621.htm
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