SSI signs $440 million loan with Vietinbank
VIETNAM, February 15 –
SSI has signed a new loan agreement with Vietinbank for 10 trillion VNĐ ($440.87 million). — Photo courtesy of SSI
HCM CITY – SSI Securities Corporation has signed a new loan agreement with Vietinbank for 10 trillion VNĐ (440.87 million dollars).
The loan has a maximum term of 12 months, bears a short-term interest rate and has been partially disbursed.
Last year, SSI secured the largest foreign loan unsecured by a securities company at $267.5 million.
The new deal is the largest unsecured loan granted by a bank to a brokerage house in Việt Nam.
It will be used for trading activities and the purchase of valuable papers from financial institutions and corporate bonds.
Nguyễn Vũ Thùy Hương, managing director of treasury/senior investment at SSI, said Việt Nam’s stock market is entering a new phase after two decades of development. To prepare for significant market growth and provide quality products and services with low cost and high efficiency to customers, SSI is constantly improving its financial capability.
SSI has assets of 50.4 trillion VNĐ ($2.2 billion).
Its share capital is 13,900 billion VNĐ and the shareholders recently approved the issuance of shares to increase it to 15,000 billion VNĐ. —VNS