(PLO)- The transactions confirmed the confidence of financial institutions in Masan’s solid business foundation and credit record.
On March 10, Masan Group Joint Stock Company announced the completion of a series of events to introduce investment opportunities in a syndicated credit package of up to 650 million USD (syndicated loan in 2023), equivalent to more than 15 trillion USD. The conference has just taken place in Singapore and Taiwan.
The credit package is underwritten, attracting the participation of key lenders and Investment Register Managers including BNP Paribas, Credit Suisse, HSBC, Standard Chartered and United Overseas Bank.
Together with an oversubscribed syndicated loan of $600 million in the fourth quarter of 2022, Masan is able to raise an approximate credit package of $1.25 billion in the past six months alone.
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Inside Masan’s Multi-Convenience Store |
The transactions confirmed the confidence of financial institutions in Masan’s solid business foundation and credit record.
Masan’s management continues to optimize the balance sheet, reduce interest expenses and reduce debt through strategic implementation steps in the near future.
The parties to the 2023 syndicated loan have committed to pay $375 million. The USD loan has an interest rate plus 3.5% with the SOFR reference rate, which equates to an interest rate of 8% per annum.
With a term of five years, the 2023 syndicated loan will help Masan increase its long-term capital and consolidate liquidity.
In addition, before disbursing the syndicated loan in 2023, Masan has VND 17,147 billion in cash and cash equivalents, allowing the company to invest in growth initiatives and pay off all debts. due in the near future.
Masan Group received the certificate of registration to invest 105 million USD in Trust IQ in Singapore
(PLO)- The project is part of Masan’s strategic goal by 2025 to create a Consumer – Retail – Technology ecosystem capable of meeting 80% of the essential consumption needs of Vietnamese people.
TU UYEN