Hanoi Railway Travel Service Joint Stock Company (Haratour), a member of BRG Group, has successfully issued VND2,300 billion VND bond with interest rate of 9%/year for the first year. The next year, interest rates to float.
The bond has a tenor of 10 years, maturing on September 23, 2031.
Haratour plans to use the proceeds to invest in cooperation (BCC) with Hai Phong Private Development Company Limited to implement a 5-star hotel investment project, Hilton Hai Phong luxury apartment and commercial center, at 14 Tran Quang Khai, Hoang Van Thu ward, Hong Bang district, Hai Phong city.
The collateral is the land use right at 14 Tran Quang Khai, Hai Phong city; all existing and future legal assets, rights and interests arising from the Hilton Hai Phong project; and assets under the agreement between the issuer and the bondholder (if any).
It is known that Hai Phong Private Development Company Limited is also a unit in the ecosystem of BRG Group, together with TN Development Joint Stock Company.
The Hilton Hai Phong project is located on a prime location of the city, is expected to develop into a complex project with 202 luxury apartments.
According to the update, the project has been topped out and completed since April 2020, expected to hand over the apartment in the fourth quarter of this year.
In Hanoi, two Hilton-branded hotels, Hilton Hanoi Opera and Hilton Garden Inn are also owned by BRG members.
“>The Hilton Hai Phong project topped off last April
Hua Van
According to Economic Life
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