Vietcap Secures Record $170 Million Syndicated Loan with $370 Million Option

Vietcap Securities announced on June 18 that it has signed a $170 million syndicated loan facility, its largest financing to date. The agreement includes a greenshoe option that could increase the total facility to as much as $370 million, allowing underwriters to meet strong investor demand.

The transaction was arranged and committed by a consortium of banks including Maybank Securities Pte. Ltd., Bank of China (Hong Kong), CTBC Bank Co., Ltd. Singapore Branch, Cathay United Bank Co., Ltd., First Commercial Bank Offshore Banking Branch, Hua Nan Commercial Bank Offshore Banking Branch, KGI Bank Co., Ltd., and Taipei Fubon Commercial Bank Co., Ltd.

This deal marks a significant milestone in Vietcap’s strategy to diversify funding sources and strengthen access to international capital markets. It is the company’s largest financing to date and features the highest number of mandated lead arrangers and bookrunners.

The participation of leading regional financial institutions reflects continued confidence in Vietcap’s financial strength, governance, and growth prospects. By securing a substantial pool of foreign capital at a competitive cost, Vietcap is positioned to enhance its business operations, expand its capital base, and deliver value to clients and shareholders.

Since 2020, Vietcap has actively diversified its funding through offshore loan facilities. Last November, the firm secured a $120 million unsecured syndicated loan with a greenshoe option to increase it by up to $130 million. That loan was arranged by a group including Maybank Securities Pte. Ltd., Maybank International Labuan Branch, CTBC Bank Co., Ltd. Singapore Branch, Cathay United Bank Co., Ltd., Taipei Fubon Commercial Bank Co., Ltd., Taishin International Bank Co., Ltd. Singapore Branch, and Union Bank of Taiwan Co. Ltd.

In July 2025, Vietcap also obtained a $41.6 million unsecured club loan arranged by CTBC Bank Co., Ltd., Cathay United Bank Co., Ltd., Taipei Fubon Commercial Bank Co., Ltd., First Commercial Bank Co., Ltd., Offshore Banking Branch, and Union Bank of Taiwan.