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Vietcombank, Eximbank co-finance 450b dong for Hoa Sen Group |
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10/Mar/2010 Intellasia | Dau Tu Chung Khoan page 25 |
10 Mar, 2010 - 12:37:33 PM |
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In order to support a part of investment capital for two cold-rolled steel sheet lines (total capacity of 400,000 tonnes/year) in the general project of Ton Hoa Sen Phu My mill, Hoa Sen Group has recently signed a credit contract worth nearly 450 billion dong with bank syndicate including Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) and Vietnam Export Import Commercial Joint Stock Bank (Eximbank).
Accordingly, Vietcombank’s Binh Duong industrial zone branch will be capital arranger for the project.
The loan duration will be 72 months including 15 months of grace period.
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