22/05/2024 at 12:01 (GMT+7)
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Masan completes 250-million-USD investment deal with Bain Capital

Masan Group Corporation on April 23 announced that it has completed the mobilization of 250 billion USD from Bain Capital, a leading global private investment firm with assets worth 180 billion USD under management.
Masan has completed the mobilisation of 250 billion USD from Bain Capital. (Photo: Masan)

Accordingly, with an exchange rate of 25,356 VND per USD, Masan will receive 6.22 trillion VND in net cash from this investment, helping significantly improve its balance sheet. At the same time, Masan will continue to actively seek alternative solutions to reduce leverage and reduce interest costs.

Over the past two years, Masan has successfully raised 1.5 billion USD from the global capital market.

In the fourth quarter of 2023, Masan successfully hedged 100% of the risk of long-term debt in USD with reasonable terms, with 950 million USD of loan principal converted to VND at the exchange rate of 23,937 and a fixed interest rate at 8.93% per year.

In addition, on April 20, Techcombank, Masan's affiliated company, approved a 15% cash dividend payment plan. Owning 19.9% economic interests in TCB, Masan is expected to receive more than 1,000 billion VND in cash in the next six months, helping Masan facilitate the work of reducing financial leverage.

VNA