The State Securities Commission (UBCKNN) has announced it received an application from Vingroup (Ticker: VIC) for an international bond offering. Vingroup plans to issue 1,625 bonds with a face value of $200,000 each, totaling $325 million. The bonds will have a 5-year term and an expected interest rate of 5.5% per annum, issued in US dollars, with no guarantees and no warrants. There will be an option to convert into shares of Vinpearl JSC (Ticker: VPL), a subsidiary of Vingroup. The offering is expected in Q4 2025, subject to approval, and will be listed on the Vienna Stock Exchange.
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