AsemconnectVietnam - Electricity Finance Corporation (EVF) plans to privately issue up to $300 million in bonds in Singapore and list them on the Singapore Stock Exchange (SGX).

According to the plan approved by the EVF Board of Directors on October 2nd, the company plans to conduct a bond issuance in USD on the international market, with a maximum face value of $300 million and a maturity of 3 years or more.
These are non-convertible, non-warrant, unsecured bonds and are not subordinated debt. The offering and issuance are expected to take place in the fourth quarter of 2026, after EVF completes all procedures and receives the necessary approvals from competent authorities, including the State Bank of Vietnam and the State Securities Commission.
The actual issuance size, specific maturity, issuance price, interest rate, and transaction conditions will be determined by EVF at the time of the offering based on market conditions and official transaction documents.
According to the approved plan, the proceeds from the issuance are expected to be used for lending to individual and corporate customers of EVF.
The capital may be allocated to credit activities in sectors such as manufacturing, processing, construction, trade, transportation, energy, technology, education, healthcare, and other sectors in accordance with legal regulations and actual credit needs.
Prior to the international bond issuance plan, EVF has been expanding its relationships with foreign financial institutions and investors. The company is also implementing a private placement of shares with a total par value of up to VND850 billion after approval by the extraordinary general meeting of shareholders.
In terms of business performance, in the first six months of 2026, EVF recorded pre-tax profit of VND699.3 billion, an increase of 16.9% compared to the same period last year and achieving 52.8% of the annual plan; after- tax profit reached VND556.2 billion, an increase of approximately 15.3%.
Of which, net interest income reached VND1,102.8 billion, an increase of nearly 36% compared to the same period last year; net profit from service activities reached VND61.7 billion, an increase of 11.2%. Total operating income of EVF reached approximately VND1,190 billion.
As of June 30, 2026, EVF's total assets reached VND91,756 billion, an increase of 10.5% compared to the beginning of the year; outstanding loans to customers reached VND67,201 billion, an increase of 8.8%. Shareholder equity reached VND10,415 billion, while charter capital stood at VND7,606 billion.
Source: VITIC/Bao Tai chinh – Dau tu