Southeast Asia Commercial Joint Stock Bank announced a private placement to issue convertible loan for the gross proceeds of $30,000,000 on June 20, 2024. The transaction will include participation from returning investor Norfund. The loan can be converted into common shares of the company within 4-year term, aiming at providing additional capital to support retail banking customers, small and medium enterprises (SMEs) and micro-enterprises in Vietnam.
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- Southeast Asia Commercial Joint Stock Bank announced that it expects to receive $30 million in funding from Norfund