TCBS secures a record 488 million USD syndicated loan

TCBS is known as a pioneer in applying technology to financial activities, developing a diverse ecosystem of products and building a WealthTech model in Vietnam. This is the largest syndicated loan facility ever recorded for a securities company in Vietnam, and it marks the third consecutive year that TCBS has set new records in accessing international capital markets. The 2026 syndicated loan is arranged by a group of reputable international financial institutions, including Cathay United Bank, CTBC Bank, Landesbank Baden-Württemberg, Mizuho Bank and Taipei Fubon Commercial Bank. The lenders’ structure is diverse and unprecedented. In addition to the lead arrangers, the loan also attracted the participation of several international financial institutions that are lending for the first time to a Vietnamese securities company. The funds are sourced from 26 institutions from various regions, including China, Korea, Germany, Hong Kong, Singapore, the Middle East, India, Malaysia, and Taiwan, demonstrating that TCBS’s credit reach has extended beyond the region to capital markets with stringent underwriting standards. Earlier, in February, TCBS left a mark on international markets by signing a long-term convertible loan with DEG—the development finance institution of KfW (Germany’s Promotion Bank), with a total value of up to 50 million USD. This is considered one of the pioneering transactions, helping to unlock European capital into Vietnam’s securities finance sector. The funds from the 488 million USD syndicated loan, when disbursed, are expected to be used by TCBS to enhance its margin lending capacity, maintain market leadership for many years, and strengthen investment activities and market making for financial products. Additionally, strengthening liquidity will help the company flexibly respond to market volatility. Commenting on the deal, Mr. Nguyen Tuan Cuong — Deputy General Director of TCBS — said: “Finishing the 488 million USD syndicated loan is not only a milestone in mobilizing capital, but also a recognition by international financial institutions of TCBS’s financial platform, governance capacity and long-term development strategy. For years, TCBS has been known as a pioneer in applying technology to financial activities, developing a diverse product ecosystem and building a WealthTech model in Vietnam. This syndicated loan further strengthens TCBS’s position as a leading financial institution shaping the trend and gradually asserting its capabilities in international markets.” Moreover, the transaction sets a new standard for international fundraising ability for Vietnamese securities companies. In the context of Vietnam being upgraded by FTSE Russell to emerging market status from September 2026, this opens strong opportunities to attract global investment, and a domestic securities firm proactively accessing and finalizing such large-scale international funding is seen as a forward-looking step toward this trend. TCBS’s financial strength and liquidity are significantly enhanced, laying a foundation to capitalize on outward capital flows as the market enters a new growth cycle, while continuing to affirm TCBS’s pioneering role in connecting and leading fund flows in Vietnam’s market.