HSBC has arranged an unsecured loan of approximately 40 million USD for GELEX Infrastructure with a term of 5 years. This loan is guaranteed by SACE, covering 80% of the financial insurance. HSBC Singapore and Landesbank Baden-Württemberg (LBBW) serve as the lead arrangers. GELEX Infrastructure, a subsidiary of GELEX in investment and development fields, will use this loan to strengthen its investment activities and implement its long-term growth strategy. GELEX leaders are committed to effectively utilizing this funding for sustainable development and hope to foster future cooperation with HSBC. Launched in 2017, SACE’s guarantee program aims to promote Vietnam-Italy trade, facilitating easier access to capital for borrowers without requiring pre-existing purchase contracts. This is the second time HSBC has organized such a transaction for a Vietnamese enterprise since Nutifood in 2021.
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