The Group had previously received the first disbursement of USD 149 million from the Facility in 4Q 2019. Credit Suisse AG (Singapore) is the Original Mandated Lead Arranger and Bookrunner (“OMLAB”) of the transaction.
When the world economy is facing new challenges, a new disbursement for a Vietnamese real estate developer obviously indicates that investors and international lenders remain positive outlook on the Vietnamese real estate market in general, as well as their confidence and a long-term investment strategy in Novaland in particular.
Novaland currently is one of a few property developers that receivinge strong support from the leading international financial institutions in accumulating more landbank, constructing and developing new projects, which landbank, constructing and developing new projects, which help accommodating Novaland’s active and diversified fundraising channels at competitive financial costs.
Currently, Novaland is the sole Vietnamese real estate developer successfully listed its convertible bond on the Singapore Stock Exchange. On the Vietnam Stock Exchange, Novaland’s shares (BBG: NVLVN) has been added into the two leading ETF funds - FTSE Vietnam and VNM ETF after 6 months from its listing. In 2019, Novaland’s shares were also added into the Viet Nam Sustainable Development Index (VNSI) of the Ho Chi Minh Stock Exchange as well as into other leading stock indices, namely VN30 and VN100.
At the moment, Novaland Group has speedily implemented the Business Contingency Plan (the “BCP”) to assure the Group’s continuous business operations and customers’ uninterrupted transactions.
“Novaland greatly appreciates the investors’ strong confidence and commitment to Vietnam and Novaland in this loan upsize, especially in this extraordinary time. Novaland is well prepared not only to overcome this difficult situation with our tested experience and in-advance planning but also throughly take advantage of appropriate opportunities presented to us during this challenging time.
We strongly believe in our direction: a centralized orientation, clear business strategy, stable landbank, healthy financial structure, prudent risk management, and strict law compliance; strengthening competency to become the Vietnamese international brand
We will work more diligently and harder to meet the invaluable trust of our customers partners and investors put on Novaland,” said Mr. Bui Xuan Huy, CEO of Novaland Group.
