A Vingroup representative confirmed the fundraising, saying it helps support VinFast’s business operations. “The loan has been secured on favourable commercial terms, given the current market conditions,” the representative said, without elaborating on the details of the deal. Meanwhile, spokespeople for Deutsche Bank and SeaTown declined to comment.
Deutsche Bank AG and SeaTown Holdings International are among the lenders providing a US$510 million ($649.7 million) private credit loan to VinFast Auto Ltd., according to people familiar with the matter.
The facility for VinFast, an electric vehicle maker owned by Vietnamese conglomerate Vingroup JSC, pays high-single digit returns, the people said, who asked not to be identified discussing private matters. Jefferies Financial Group Inc. was the sole financial adviser for VinFast and Vingroup for the deal, according to a LinkedIn announcement.
