Goldman Sachs gives loan to Vietnam firm

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The global investment and securities firm Goldman Sachs will loan US$30 million to the Masan Group to help the local firm strengthen its operations in the domestic market.

The five-year dollar loan will have a semi-annual coupon payment of 2 percent for the first two years and then 4 percent in the third year, said the group. The remaining term of the loan will cost 6 percent.

"We continue to execute on our strategy of building the premier private-sector group in Vietnam," said Madhur Maini, CEO of Masan.

The loan can be converted into primary shares of the group at a cost of VND65,000 per share, said the group, which added the cost would be translated into US dollars at the current exchange rate.

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