Moody’s Investors Service has assigned a (P)B1 long-term foreign currency senior unsecured rating to Vietnam Prosperity JSB (VPBank)’s $1 billion medium term note (MTN) program.
The (P)B1 rating on the senior unsecured MTN program is in line with VPBank’s B1 long-term foreign currency issuer rating. The B1 issuer rating reflects the bank’s b1 baseline credit assessment (BCA) and Moody’s expectation of a moderate probability of support from the Vietnamese government (Ba3 stable) when needed.
VPBank’s b1 BCA reflects its strong profitability, underpinned by its leading market share in the high-margin consumer finance business, as well as its good capitalisation. The BCA also considers the credit risks associated with its consumer finance portfolio, and its lower problem loan coverage when compared to domestic and global peers.
The MTN program allows VPBank to issue senior notes in line with the maturities, currencies, interest rates and redemption structures specified in the applicable pricing supplement. Notes issued under the program constitute direct, unconditional, unsubordinated, and unsecured obligations of VPBank, and will rank pari passu among themselves and equally with all of VPBank’s other unsecured and unsubordinated obligations.
Tags:
Tags:
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
For Koen Soenens, Sales and Marketing Director at DEEP C, empathy is a compass that guides major deals, the way a leader builds a team, and the ambition to create a sustainable industrial zone that carries a Vietnamese identity.
Taseco Land has shifted its listing to HOSE and introduced a new upward-pointing arrow logo - a visual statement of its strategy to raise capital, expand its land bank, and strengthen its standing in Vietnam’s real estate sector
Located in the heart of Ho Chi Minh City, SAP Labs Vietnam is the second SAP Labs Network hub in Southeast Asia, following Singapore and is one of 20 countries that have SAP Labs globally.
Solar & Storage Live Vietnam event has been running since 2017 and the 2025 edition will be the biggest yet.
A new partnership between EY and the Vietnam-Singapore Board Forum (VSBF) is set to strengthen ESG capabilities for Vietnamese businesses, helping shape more sustainable business models.
