GuarantCo provides VND 1,150 billion (circa USD 50 million) guarantee to Ho Chi Minh Infrastructure Investment JSC
Summary
CII was set up by the Ho Chi Minh City (HCMC) government in 2001 to attract private sector investment into infrastructure development. GuarantCos additionality in extending the guarantee has enabled CII to issue its first 10-year bond.The toll road is intended to ease the significant traffic congestion currently faced by commuters and truck drivers travelling between HCMC and the Mekong Delta. As part of the governments national development strategy, improved connectivity will act as a catalyst for further economic development.It is an important milestone for CII as we have successfully closed the VND 1,150 billion bond issuance guaranteed by GuarantCo. I would like to express my most sincere appreciation for the hard work and diligent effort that GuarantCo, TCBS, and CII have all dedicated over the past year. This achievement reflects our experience and knowledge of the landscape and market appetite, while demonstrating our deep understanding of the issuer and commitment to seeing the deals closure.