| Issuer / Guarantor | Vingroup JSC |
|---|---|
| Size | USD 350mn |
| Type | Exchangeable into Vinpearl |
| Leads | HSBC, Deutsche Bank, Barclays |
| Maturity | 16 Apr 2031 (5 years) |
| Coupon | 5.5% (5.5%) |
| Premium | 20% (20 - 25%) |
| Calls | @ 100% from Oct 2028 (2.5 yrs); 145% trigger |
| Puts | 2.2yrs @ 100% |
| Div protection | Ratio adjustment (Full) |
| T/o protection | c/t ratchet |
| CoCo | None |
| Announced | 08 Apr 2026 |