Major stock brokerage house Vietcap Securities has announced the signing of syndicated loan of $75 million with a greenshoe option of up to $50 million.

Listed on the Ho Chi Minh Stock Exchange (HoSE) under the code VCI, the company said the loan was arranged by the Singapore-headquartered Maybank Securities Pte. Ltd. and the Singapore branch of the Taiwan (China)-based Taishin International Bank Co., Ltd.

The loan follows two other successful fundraising rounds by Vietcap in 2023. In July, it raised $45 million arranged by the Shanghai Commercial and Savings Bank, Ltd. through the lender’s offshore banking branch. In August, it completed a $100 million syndicated loan arranged by Mega International Commercial Bank through the latter’s offshore banking branch.

Previously, Vietcap conducted a fundraising round of $105 million arranged by Maybank Securities Pte. Ltd. and O-Bank Co., Ltd. in October 2022, $100 million arranged by Mega International Commercial Bank in May 2022, $100 million arranged by Maybank Securities Pte. Ltd. (then known as Maybank Kim Eng Securities Pte. Ltd.) in November 2021, and $40 million led by Bank Sinopac.

Expanding foreign loans with substantial capital at competitive cost will provide Vietcap with more resources to enhance its activities, the company said.