Background

Supporting the development of the Vietnamese stock market

  • Vietnam
  • VNDIRECT Securities Corporation
  • 2022
  • USD 15 mln
  • Other
  • IBEC participated in an international syndicated credit facility in favor of the Vietnamese financial company VNDIRECT Securities Corporation. The total volume of the syndicated loan amounted to USD 100 million up to 1 year tenor, the share of IBEC was USD 15 million. Ten banks from Taiwan, Hong Kong and Europe took part in the deal, with Cathay United Bank from Taiwan acting as sole Mandated Lead Arranger and Bookrunner (MLAB).
    With the mission to help customers build a lifelong and proper investment culture, the funds raised will be used to fund the company's general corporate goals. In particular, VNDIRECT Securities Corporation plans to actively develop its own online platforms and provide clients with greater access to investment products and transactions on the stock market, and the corporate sector through financial consulting activities and issuance and underwriting services to improve their capabilities to access both debt and equity capital market. The aims are to create an investment and capital mobilization channels contributing to the economic development across the country.
    The implementation of the company's plans will contribute to the development of the Vietnamese stock market, will lead to an increase in competent private investors, and to the availability of financial services for the corporate sector. This is in line with the strategic objectives of the IBEC as a development institution that promotes the economic development of its member countries.
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