Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) has successfully concluded its fourth offshore syndicated loan with a total of 15 banks participating and providing a strong oversubscription of the USD 200 million facility.
[Hanoi, 24th April, 2024] - Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) has successfully concluded its fourth offshore syndicated loan with a total of 15 banks participating and providing a strong oversubscription of the USD 200 million facility.
The syndicated loan facility of 3-year tenor was launched on a selective basis in January this year. It was well-received and oversubscribed by a consortium of leading international financial institutions, highlighting Techcombank’s credibility and reputation within the global financial community.
The financing was fully underwritten and pre-funded by the following Mandated Lead Arrangers, Underwriters and Bookrunners: First Abu Dhabi Bank PJSC, Landesbank Baden-Württemberg, Mizuho Bank, Ltd., MUFG Bank, Ltd. and Oversea-Chinese Banking Corporation Limited. The participating lenders were from diversified regions including Middle East, the Philippines, People’s Republic of China and Taiwan. The syndication was also successful in expanding Techcombank’s lender-base with more than half being first-time lenders.
The successful conclusion of this transaction further solidifies the market’s trust and confidence in Techcombank as well as its robust capital and earnings profile even during a prolonged period of economic slowdown and market headwinds.
The proceeds raised from this syndicated loan are used for Techcombank’s general corporate and working capital purposes, and will bolster Techcombank’s ability to meet the increasing medium- and long-term funding needs of its customers in both foreign and local currencies.
Public relation contacts:
NGUYEN THI THU TRANG – Public Relations Department
Email: trangntt85@techcombank.com.vn
ABOUT TECHCOMBANK
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is one of the largest joint stock banks in Vietnam, and a leading bank in Asia, with a vision to Change Banking, Change Lives. The Bank pursues a proven customer-centric strategy in providing a broad range of retail and corporate banking solutions and services to help financially empower its customers. Techcombank has 13.8 million retail and corporate customers, which it serves through a market-leading digital banking platform and mobile app, and an extensive network of transaction service outlets at locations across Vietnam. The Bank’s ecosystem approach, co-created through partnerships in multiple key economic sectors, adds further scale and differentiation in one of the fastest growing markets in the world. Techcombank is rated A+ by FiinRatings, Ba3 by Moody’s and BB- by S&P.
Hanoi, June 28th 2024 – Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) starts a new era of AI-powered banking at its inaugural Techcombank Keynote event as the Bank accelerates its journey to become a leading bank in Vietnam with innovative digital and data-led solutions for customers, bringing Vietnam banking sector to global standards.
Hanoi, June 10nd, 2024 - Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) continues to be honoured by prestigious international organizations with the award Best Domestic Bank in Vietnam from FinanceAsia and the #1 Bank in Vietnam by Forbes Magazine, based on a survey of customer opinion in Vietnam.
[Ha Noi, 6th June 2024 ] Vietnam Technological and Commercial Joint Stock Bank (“Techcombank”) has won two prestigious Editors’ Triple Star awards at The Asset Triple A Treasurise Awards 2024 for its Certificate of Deposit Bao Loc (CDBL) product, a flexible, secure and high interest rate cash management solution, and its break-through QRCode 247 payment and collection solution for merchants in Vietnam.
