Masan Group gains 3 trillion VND from bond issuance
Masan Group, a private conglomerate in Vietnam, has successfully issued 30 million bonds, named BondMSN012023, worth 3 trillion VND (128.8 million USD).
At Masan's Nui Phao mineral processing plant (Photo: VNA)
Hanoi (VNA) – Masan Group, a private conglomeratein Vietnam, has successfully issued 30 million bonds, named BondMSN012023,worth 3 trillion VND (128.8 million USD).
The firm said its three-year bonds, worth100,000 VND each, were offered from February 17 to March 8.
The issuance attracted 1,068 domestic individualinvestors who purchased over 11.43 million bonds worth 1.143 trillion VND, twoforeign individual investors who bought 4.5 billion VND worth of bonds, and sixdomestic organisation investors with 1.852 trillion VND.
Following this, Masan is offering another 2trillion VND worth of bonds, named BondMSN022023, from March 9 to 30.
The group plans four bond offerings with thetotal value of 10 trillion VND, it noted, adding that 5 trillion VND of the sumwill be used to raise the charter capital of Masan Vision Co. Ltd, 4 trillionVND will be lent to its subsidiaries (Masan Consumer Holdings Co. Ltd and MNSMeat Ha Nam Co. Ltd), and the remaining 1 trillion VND will be spent to pay offinternal debt for another subsidiary (Nui Phao Mining Co. Ltd)./.
Masan Group inaugurated its MNS meat processing complex at the Dong Van IV Industrial Park in Kim Bang district of the northern province of Ha Nam on December 23.
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At Masan's Nui Phao mineral processing plant (Photo: VNA) 
