HO CHI MINH CITY, VIETNAM – Media OutReach – 25 September 2020 – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) today announced the signing of an agreement to issue convertible bonds and enter into a strategic tie-up with DEG – DEUTSCHE INVESTITIONS- UND ENTWICKLUNGSGESELLSCHAFT MBH (“DEG”).
DEG will invest in convertible bonds issued by HDBank.
The two parties will have a strategic partnership for developing products, services and finance packages for German businesses in Vietnam and Vietnamese exporters to Germany and Europe, contributing to boost the trade cooperation between Vietnam and Germany as well as with other European countries.
DEG is a development finance institution owned by German state-owned development bank KWF and is one of Europe’s15 leading development finance institutions.
It is currently present in 19 countries, managing a portfolio of around EUR8.6 billion in private groups around the world. In Vietnam,