Business

HSBC arranges 200 million USD loan for GELEX Infrastructure JSC

According to Tim Evans, CEO and Head of Banking, Legal Representative at HSBC Vietnam, the deal was completed amid challenging market conditions and a tight execution timeline. The syndicated loan drew strong interest from lenders and was structured to align with GELEX Infrastructure’s medium-term funding requirements.

GELEX Ninh Thuan solar farm located in Phuoc Dinh commune, Khanh Hoa province. (Illustrative photo: VNA)
GELEX Ninh Thuan solar farm located in Phuoc Dinh commune, Khanh Hoa province. (Illustrative photo: VNA)

Ho Chi Minh City (VNA) - HSBC Vietnam has announced the successful completion of a five-year syndicated loan worth 200 million USD for GELEX Infrastructure JSC, acting as the mandated lead arranger.

GELEX Infrastructure, a subsidiary of GELEX Group, focuses on infrastructure development, industrial parks, utilities and energy-related sectors. This marks the company’s first USD-denominated syndicated financing from the international market, aimed at supporting its medium-term investment needs and expansion plans. The transaction was oversubscribed by more than twice the initial target, attracting participation from 19 financial institutions.

According to Tim Evans, CEO and Head of Banking, Legal Representative at HSBC Vietnam, the deal was completed amid challenging market conditions and a tight execution timeline. The syndicated loan drew strong interest from lenders and was structured to align with GELEX Infrastructure’s medium-term funding requirements.

The bank noted that the outcome reflects sustained confidence among international lenders in both the company and the Vietnamese market.

From the corporate perspective, Le Tuan Anh, Chairman of GELEX Infrastructure, described the transaction as a step forward in the company’s international fundraising strategy, underscoring growing interest from foreign financial institutions.

He added that executing large-scale transactions with international partners forms part of the company’s broader strategy to strengthen access to global capital in support of long-term development goals.

The successful deal highlights the strengthening linkages between domestic enterprises and international funding sources, as well as a broader trend of Vietnamese companies increasingly tapping offshore capital markets, particularly through syndicated loans to finance medium- and long-term investments./.

VNA
#HSBC Vietnam #GELEX Infrastructure JSC #five-year syndicated loan
Follow VietnamPlus

Related News

Finance Minister Nguyen Van Thang holds a working session with an HSBC delegation led by Group CEO Georges Elhedery on March 29, 2026. (Photo: Ministry of Finance)

Vietnam, HSBC accelerate push for credit upgrade and global capital inflows

At a recent meeting with an HSBC delegation led by Group CEO Georges Elhedery, Finance Minister Nguyen Van Thang highlighted the importance of an early credit upgrade to reinforce macroeconomic stability, reduce borrowing costs and strengthen investor confidence, while calling for continued technical support from the bank.

See more

The headquarters of Vietcombank in Hanoi (Photo: VNA)

State Bank moves to keep interest rates stable

Banks must continue publicly disclosing average lending rates, the spread between deposit and lending rates, and interest rates of credit schemes and packages on their websites, making it easier for individuals and firms to access capital.

Illustrative image (Photo: VNA)

Textile firms strengthen resilience amid rising global risks

As soon as the conflict in the Middle East broke out, companies quickly developed strategies such as securing raw material supplies, diversifying sourcing and customer bases and avoiding dependence on limited clients, said a business insider.

Today, Vietnam has developed an increasingly modern and balanced economic structure spanning industry, services, and agriculture. (Photo: thanhnien.vn)

A historic opportunity for Vietnam’s economy

Amid ongoing global geopolitical turbulence, Vietnam stands at a pivotal moment, with favourable conditions and untapped potential positioning it for sustained, high-quality growth—and possibly a historic leap toward high-income status.

The meeting between Politburo member, Secretary of the Party Central Committee and Chairman of its Commission for Policies and Strategies Nguyen Thanh Nghi (R) and Daniel J. Kritenbrink, former US Ambassador to Vietnam and a partner at The Asia Group (TAG), in Hanoi on March 30 (Photo: VNA)

Vietnamese Party official hosts leader of US-based The Asia Group

Vietnam welcomes and encourages US businesses – known for their strengths in technology, governance, and innovation – to further expand investment and operations in the Southeast Asian country, said Chairman of the Commission for Policies and Strategies Nguyen Thanh Nghi.

Indian Consul General in Ho Chi Minh City Vipra Pandey (left) presents a gift to Vice Chairman of the People's Committee of Can Tho Nguyen Van Khoi at the meeting on March 30. (Photo: VNA)

Can Tho seeks to expand investment cooperation with Indian partners

In recent months, many Indian enterprises have sought investment opportunities in Vietnam, particularly in technology, food processing, machinery, and the application of artificial intelligence in agriculture, via the Indian Consulate General in Ho Chi Minh City, said Consul General Vipra Pandey.

Over 200 passengers from Taiwan (China) arrive in Phu Quoc on Sun PhuQuoc Airways’ inaugural international flight. (Photo: Sun Group)

Sun PhuQuoc Airways launches its first international route to Taipei

On March 29, 2026, Sun PhuQuoc Airways - the airline of Sun Group - officially launched its first international route connecting Phu Quoc and Taipei (Taiwan, China), marking the initial step in its strategy to connect Phu Quoc with the world and gradually position the island as one of Vietnam’s emerging international gateways.

The VIFC-HCMC attracts more than 9 billion USD in committed capital in just over two months of operation. (Photo: VNA)

Deputy PM’s visit to US sparks strong interest in Vietnam int’l financial centre

The Vietnamese Government will continue to accompany and support investors, particularly in emerging financial sectors still in the experimental stage, Deputy Prime Minister Nguyen Hoa Binh stated, showing the hope that US partners will accompany Vietnam throughout the development and operation of the centre, helping position the Southeast Asian country as a vital link in the global financial network.