BIWASE Long An has successfully issued Bonds BWLCH2434001 at a record low Interest Rate of 5.50% Per Annum
BIWASE Long An has successfully issued Bonds BWLCH2434001 at a record low Interest Rate of 5.50% Per Annum
BIWASE Long An Joint Stock Company has successfully issued a batch of bonds under the code BWLCH2434001, raising a total of 700 billion VND, this transaction has marked a significant financial milestone, reflecting strong confidence from investor and solidifying the company’s robust financial position.
Key Details of the Bond Issuance:
• Total Funds Raised: 700 billion VND
• Bond Denomination: 100 million VND per bond
• Term: 10 years (November 27, 2024 – November 27, 2034)
• Fixed Interest Rate: 5.5% per annum – the most competitive rate in the bond market today
• Bond Rating: AAA (highest rating in Vietnam, as evaluated by FiinRatings and other international agencies)
• Purpose: Funds will be used for Phase 3 of Nhi Thanh project, which aims to double the plant’s capacity from 60,000 m³/day to 120,000 m³/day.
• Payment Guarantee: Backed by the Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank (ADB), with advisory support from Maybank Securities.
Strengthening Water Supply in Long An Province
As a subsidiary of BIWASE Corporation, BIWASE Long An plays a key role in expanding the water supply market in Long An province - by operates Nhi Thanh Water Treatment Plant, ensuring a reliable water supply for residents and businesses while meeting the growing demand for clean water, contribute to improving quality of life and driving local economic development.
The highly attractive 5.5% interest rate on these bonds has enabled BIWASE Long An to secure low-cost capital for its expansion and modernization plans. This supports sustainable development in Long An province, aligning with regional socio-economic goals.
Facing the water sources situation in the southeast of Long An province have more time to be salty than the time to be sweet, groundwater is increasingly depleted, Long An province’s leaders as well as local authorities are always distressed about the situation of supplying clean and safe water to the people. This bond is issued to invest in expanding and increasing the water supply capacity, BIWASE Long An has shown a high sense of responsibility for clean water supply to the people.
This successful bond issuance is not only strengthens the financial foundation of BIWASE Long An but also creates new momentum, solutions and benchmarks for BIWASE's subsequent bond issuances to invest in expanding the water supply system in localities that still have difficulties in terms of clean water sources for the people and economic development of these localities. BIWASE is a typical example of mobilizing capital sources with good interest rates to create resources for the development of the clean water supply and environmental sanitation industry, which has shown the spirit of rolling into difficult areas of social life that many localities are still confused about. are looking for the best solution.
