VinFast (NASDAQ:VFS) announce strategic amendments to exchangeable bonds
VinFast Auto (NASDAQ:VFS) announced that its parent company Vingroup has agreed with institutional investors on a significant alteration pertaining to its $625 million aggregate principal amount of exchangeable bonds.
Specifically, the agreement will see 50% of the exchangeable bonds held by each investor redeemed, with the rest slated for scheduled partial redemptions.
The adjustments are set to be finalized by May 17, 2024, aiming to modify the terms related to the exchange of these bonds for ordinary shares of VinFast.
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