Vietnam’s Masan Group to offer up to $431m of bonds in 2020

Hanoi, Vietnam. Photo by Luu Quang Minh (AA+ Studio) on Unsplash

Masan Group plans to issue up to 10 trillion dong ($431.5 million) of bonds next year to expand its business, lend to units and repay a loan.

The bonds will be issued in local currency at 100% of face value with a maximum term of 36 months, according to a statement on the company’s website. They will be non-convertible, unsecured and without warrants, it said.

The Ho Chi Minh City-based company will offer the securities in four stages in the first half of next year at coupons fixed in the first year of issuance. Masan said it may repurchase the bonds after 12 months from the date the bonds are issued.

Masan plans to use half the proceeds to increase its holdings in Masan Vision Co. Ltd. The remainder will be for loans to its units Masan Consumer Holdings and MNS Meat Ha Nam Co., and to repay 1 trillion dong borrowed from subsidiary Nui Phao Mining.

Earlier this month, Vingroup JSC merged its retail and agriculture units with Masan Consumer Holdings to form a giant retailing company in Vietnam.

Bloomberg

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.