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Vietnam’S Vingroup Plans Bond Issue To Raise $1.5B For Automobile Unit

Dec 23, 2021•over 3 years ago

Amount Raised

$1.5 Billion

Description

Vingroup, Vietnam’s biggest listed company, plans to raise $1.5 billion through the issue of international bonds next year to boost capital for its automobile unit, the company said in a statement.

Company Information

Company

Vingroup

About

The sources said the company could finalise the private fundraising deal as early as next month. Vingroup is in discussions for the fundraising ahead of VinFast’s potential U.S. listing that could take place as early as next year, said the sources, who declined to be identified as negotiations are still ongoing. Vingroup is also in talks with global private equity firms, the sources said. They said Vingroup is in advanced talks with Qatar Investment Authority (QIA), the country’s $300 billion sovereign wealth fund, which has been diversifying its investments from its core European and U.S. markets towards Asia.