CII Plans to Raise 780 Billion VND Through Bonds – What’s the Purpose?

Ho Chi Minh City Infrastructure Technical Investment Joint Stock Company (CII) announced plans to issue private bonds to raise 780 billion VND. The plan includes two phases: issuing 2,800 bonds to raise 280 billion VND for debt restructuring, and a maximum of 5,000 bonds worth 500 billion VND for the expansion of the Ho Chi Minh City – Trung Luong – My Thuan highway project. The total investment for the project is 36.125 trillion VND, using the BOT model, expected to be constructed over three years (2025-2028), with a toll collection period of approximately 17 years and 2 months (2029-2046). CII will temporarily refrain from paying cash dividends during this initial phase to focus funds on the project. They are also adjusting the bond issuance plan to complete the offering documentation for funding.