Hanoi, 24 February, 2016 – Techcom Securities (TCBS) announces today that it has successfully advised the VND 3,000 billion corporate bond issuance of Vingroup Joint Stock Company. The transaction includes five and ten-year tranches of fixed – rated unsecured senior bonds. The bonds are guaranteed by The Credit Guarantee and Investment Facility (CGIF), a Trust Fund of the Asian Development Bank (ADB). 


This is the first time a local securities firm in Vietnam has successfully arranged a cross-border transaction with the participation of CGIF (rated AA by Standard & Poor’s on global scale). Being a multilateral facility contributed by the governments of the ASEAN+3 (Japan, Korea, China) and ADB, CGIF was established to develop and strengthen local currency and regional bond markets in the ASEAN+3 region by providing credit enhancements issued by credit worthy ASEAN+3-domiciled bond issuers. 
 
This successfully arranged transaction has reaffirmed Techcom Securities’ competence in providing investment banking services, especially in advisory and capital-raising. Up to now, TCBS is the market leader in terms of capital advisory with more than US$1 billion value of corporate bonds issuance each year in Vietnam. In mid Fed 2016, TCBS was honored as one of the top securities firms in the market by HCM City Stock Exchange (HOSE) thanks to its excellent performance and contribution to HOSE’s development over the past few years.
 
The deal has also provided to the local market an investment product with longer maturity that enables investors to diversify their corporate fixed-income portfolio. Upon the issuance, the bonds were fully subscribed by investors in which the majority of them are local and foreign banks and insurance companies operating in Vietnam.
 
Mr. Nguyen Xuan Minh, CFA, Chairman of TCBS, said: “We are proud to be the lead adviser assisting this landmark transaction. A long term funding source with stable interest rate is necessary to support Vietnamese corporates for their business expansion and maintaining sustainable growth. Techcom Securities aims to deliver more exclusive financial solutions and attractive funding sources, both locally and internationally, for increasingly diverse needs of our customers”.
 
About Techcom Securities:
 
Techcom Securities is a fully own subsidiary of Techcombank – one of the leading commercial banks in Vietnam. Techcom Securities is currently one of the largest securities companies in Vietnam in terms of shareholder equity and revenue. The company provides a wide range of financial & investment products and services to corporate and affluent investors. Its strategic goal is to become the leading investment banking group in Vietnam. Techcom Securities focuses on the three core businesses: Online Investing; Structured products and Investment banking. For more information, visit www.tcbs.com.vn.