It is the first local currency sustainability-linked bonds of Vietnam, issued by two subsidiaries of BIM Group, a multi-sector corporation in Vietnam.
This is BIM Land's first offshore bond issue after it borrowed about $140 million from IFC and Credit Suisse in 2019.
BIM Land now get up to $137 million in financing from IFC and Credit Suisse.
The loan provided to the real estate development arm of BIM Group will be used to support the growth of sustainable tourism infrastructure in not only in Vietnam but also Lao PDR.
The solar power complex in Ninh Thuan province features three plants with total capacity of 330MWp.
Park Hyatt Phu Quoc hotel and residences are poised to introduce the brand’s refined luxury and exceptional service to Vietnam’s emerging resort destination in 2022.
BIM Group's solar power plant in Ninh Thuan province has just been expanded its production capacity from 30MWp to 280MWp, which is expected to continue rising to over 300 MWp.
BIM Group has started construction on its solar power project in Phuoc Minh commune, Thuan Nam district, Ninh Thuan province.
Doan Quoc Huy, Vice Chairman of BIM Group, shared the challenges and opportunities for luxury resort investment in Phu Quoc Island that is considered as a resort paradise.
