Vinhomes is carrying out procedures to issue international bonds at the Singapore Stock Exchange.
Perspective of a Vinhomes project - Photo: T.TH.
The expected partner to buy Vinhomes' international bonds is the Asian Infrastructure Investment Bank (AIIB).
Regarding the procedure for issuing international bonds of Vinhomes, the State Bank has just issued a document to seek opinions from the ministries of Justice, Foreign Affairs , Finance, Public Security, National Defense, and Construction on not objecting to AIIB investing in buying bonds of Vinhomes.
This investment and lending is part of the AIIB's private sector investment operations.
According to the AIIB's charter, the bank will not provide financial support for any activities on the territory of a member country if that country objects.
Therefore, before investing in buying Vinhomes bonds, AIIB wants the State Bank to have a letter of no objection to the investment in this enterprise's real estate project.
Proceeds from the international bond issuance will be used by Vinhomes to invest in building infrastructure to serve the project.
In addition, the proceeds from this international bond issuance in Singapore will be used by Vinhomes to refinance USD debts and invest in fixed assets of a number of other projects.
Vinhomes is a subsidiary of Vingroup , established in 2008 with an initial capital of about 43,500 billion VND. After 17 years of operation, Vinhomes' market capitalization increased to 188,100 billion VND, equivalent to 7.3 billion USD.
According to the State Bank, AIIB's investment proposal is consistent with the State's policies on mobilizing private capital for social housing development, contributing to solving housing problems for low-income people.
Source: https://tuoitre.vn/ong-lon-ngan-hang-chau-a-dau-tu-vao-trai-phieu-quoc-te-do-vinhomes-phat-hanh-20250311135314114.htm
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