The Board resolution dated June 20, 2023, the BOD of VINGROUP Joint Stock Company approved the following issues:
- Repayment source: the proceeds from Vinfast's principal and interest payments. However, depending on the actual market situation, in case the funds from Vinfast in the period from 2023 to 2026 is not enough to pay the bond principal and interest to investors, Vingroup is expected to use the funds from business activities in the period from 2023 to 2026 to pay the bond principal and interest to investors at maturity or the bond redemption before maturity.
- Repayment plan: also prepares an expected payment plan for a bond offering and the proceeds from the issuance will be expected to use repayment (in the event that Vingroup does not repurchase bonds before maturity).