Accordingly, in this transaction, Hong Kong and Shanghai Bank (HSBC) - Singapore and Vietnam branches and Bundesbank Baden - Württemberg (LBBW) play the role of arranged- unit banks - both of which are big names in the field of global trade finance and projects.
In addition, HSBC is also the only ECA loan coordinating bank, loan agent and guarantee, and is also an account opening bank, while LBBW is a co-sponsoring bank.
Accompanying is SACE, the world's largest export credit guarantee organization, with strict appraisal standards, guaranteeing up to 80% of loans.
At the announcement ceremony took place on the afternoon of May 29 in Hanoi, Mr. Nguyen Trong Hien, Chairman of the Board of Directors of Gelex Group, said that this is a starting capital mobilization in the international capital mobilization strategy to achieve the long -term, effective and sustainable growth target of Gelex Group. The Chairman of the Board of Directors affirmed: "We always aim for international standards in financial management and investment. This financial transaction not only adds an important resource to Gelex's strategic projects, but also proves the confidence of global financial institutions to the capacity and sustainable development selection of Vietnamese enterprises."
This transaction not only helps GELEX diversify capital with competitive costs, but also expands access to the world's leading financial institutions - without the need for a purchase commitment or trade union with the sponsor. This is a new financial model, often only for businesses with transparent operational capacity, strong financial potential and strategic influence in the region.
Currently, GELEX operates under the model of a group investing in core areas of Electrical Equipment and Infrastructure manufacturing. The loan is used for GELEX's strategic goals such as investing, expanding core business segments, accelerating governance digitalization... This not only enhances GELEX's competitiveness but is also in line with the green growth and financial integration orientation pursued by the Vietnamese Government.
Mr. Tim Evans, General Director and Director of Corporate Customers and Financial Institutions, HSBC Vietnam, said: "We are proud to accompany and support GELEX - a leading investment group in Vietnam - to the international market. This cooperation will help GELEX go further on the path of success, while reflecting HSBC's capacity and expertise in complex financial products, as well as our understanding of the domestic market. These factors contribute to HSBC's long-term commitment to bringing Vietnamese enterprises access to international capital".
Unlimited loan guarantee transactions provided by reputable banks, guaranteed by SACE, show confidence in Vietnam's green growth potential. International financial institutions often only select businesses with high credit rating, transparent governance systems and sustainable growth strategies.
GELEX's access to this capital proves that the enterprise not only meets strict international standards, but also strives to position the image of Vietnamese enterprises in the global value chain.
