VinaCapital's Vietnam-oriented Fund Augments its Revolving Credit Facility Limit to Skyrocket Growth Potential

VinaCapital Vietnam Opportunity Fund Limited (‘VOF’), an investment venture based in the Bailiwick of Guernsey, announced an expansion of its financial horizons. The fund disclosed a rise in the upper limit of its revolving credit facility with Standard Chartered Bank (Singapore) Limited from $40m to a robust $60m. In a move that underscores the fund’s growth strategy, the maturity date of the facility was also prolonged to 30 May 2027.

While the facility’s primary commercial terms remained essentially unchanged, certain key financial covenants were duly stipulated. These include the requirement for the loan-to-value ratio to stay below 10% and for the asset cover ratio to exceed 3.25:1. As of the announcement date, VOF affirmed that no amounts had been drawn from the facility.

RNS, London Stock Exchange’s news service, disseminated this market-sensitive news in the UK, further underlining the global interest in VOF’s mounting growth trajectory.