SSI has signed a recent mortgage settlement with Vietinbank for VNĐ10 trillion (US$440.87 million). — Photograph courtesy of SSI
HCM CITY — SSI Securities Company has signed a recent mortgage settlement with Vietinbank for VNĐ10 trillion (US$440.87 million).
The mortgage has a tenor of not more than 12 months, carries a short-term rate of interest and has been partially disbursed.
Final 12 months SSI bought the biggest overseas unsecured mortgage by any securities firm of $267.5 million.
The brand new deal is the biggest unsecured mortgage supplied by a financial institution to any brokerage in Việt Nam.
Will probably be used for enterprise actions and shopping for invaluable papers from monetary establishments and company bonds.
Nguyễn Vũ Thùy Hương, managing director of treasury/principal funding at SSI, mentioned Việt Nam’s inventory market was getting into a brand new part after twenty years of improvement. To organize for important market progress and supply high quality services and products at a low-cost and excessive effectivity to prospects, SSI continually improves its monetary capability.
SSI has property of VNĐ 50.4 trillion ($2.2 billion).
It has fairness capital of VNĐ13.9 trillion, and shareholders not too long ago accepted issuance of shares to extend it to VNĐ15 trillion. — VNS