VCP Raises 500 Billion VND from Bonds to Acquire a Hydropower Company

VCP Construction and Energy Joint Stock Company (ticker: VCP) has issued 5,000 bonds under code VCP12501, raising 500 billion VND. The bonds have a face value of 100 million VND with a term of 36 months and an interest rate of 10% per annum for the first two interest periods. The funds will be used to acquire 51% of Linh Linh Joint Stock Company, which has been operating since 2005 in construction. Linh Linh currently manages the Nậm Khóa 3 hydropower plant in Lào Cai with a capacity of 28MW. The bond’s collateral includes over 39 million VCP shares valued at approximately 1,016 billion VND, mainly owned by major shareholders such as DH Holdings.