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March 11, 2023

Masan Group secures $650M loan from foreign lenders

Điểm nhấn bên trong cửa hàng WIN là quầy đảo và khu vực thanh toán trung tâm được thiết kế 360 độ, thực hiện thanh toán thuận tiện và nhanh chóng tất cả các đơn hàng. .jpgA retail store operated by Masan Group. Photo courtesy of the group

Retail giant Masan Group has secured $650 million in a syndicated loan from a group of lenders to fund future operations.

The loan was provided by BNP Paribas, Credit Suisse, HSBC, Standard Chartered Bank, and the United Overseas Bank, in which $375 million have been committed , Masan said in a statement Friday.

The loan has a five-year tenor with an annual interest rate of 8%.

Including another $600 million loan that was secured at the end of November, the company could potentially get $1.25 billion in new financing within over three months.

On Thursday, the company repaid VND3 trillion ($126.67 million) in bonds issued in 2020.

Prior to the drawdown of the 2023 syndicated loan transaction, Masan had nearly VND17.15 trillion of cash and cash equivalents (including investments), which enabled it to settle all upcoming debt obligations and investments.

Source: VnExpress

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