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SSI Securities Company has signed an settlement for a recent mortgage price US$148 million with a consortium of international monetary establishments led by Union Financial institution of Taiwan and Taishin Worldwide Financial institution.
The mortgage, the biggest unsecured international mortgage obtained by a securities firm in Viet Nam, has a tenor of not more than 12 months with the reference rate of interest being the secured in a single day financing price. It was disbursed on the finish of final month.
The cash might be used to complement working capital and fund enterprise actions, improve the competitiveness of SSI’s securities and retail providers, and supply clients with monetary providers at aggressive prices.
Nguyen Ngoc Anh, director of SSI’s funding banking, mentioned: “In 2019 SSI turned the primary securities firm to efficiently signal an unsecured mortgage settlement with international banks, which has opened up an efficient type of supplementing capital at low price and enormous scale within the securities business.”
SSI and Union Financial institution plan to increase co-operation in offering monetary services resembling ensures, trade charges, and derivatives, credit-related market, and gross sales of fairness to international companions.
Final 12 months SSI received the biggest international unsecured mortgage within the securities business of as much as $267.5 million. It additionally signed a mortgage settlement with an area financial institution for VND10 trillion in February this 12 months.
Final 12 months SSI led the market when it comes to margin lending with VND22.7 trillion.
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