On the afternoon of December 17, Binh Duong Water and Environment Corporation (Biwase) held a ceremony to announce the successful issuance of Biwase's first AAA-rated bonds in Vietnam. Many leaders and representatives of banks, securities companies, and domestic and foreign financial investment funds attended and congratulated. Mr. Tran Chien Cong - Vice Chairman of the Board of Directors - General Director of Biwase Corporation chaired the ceremony. There were 980 delegates attending the Congress, who were officials, members, and outstanding young people representing nearly 21 million members and young people in Vietnam. Of which, 196 delegates are ethnic minorities. On the morning of December 17, in Hanoi, the Central Public Security Party Committee held a conference to evaluate the results, review the leadership in implementing political tasks in 2024, and set out directions and tasks for 2025. There were 980 delegates attending the Congress, who are cadres, members, and outstanding youth representing nearly 21 million members and youth of Vietnam. Of which, 196 delegates are ethnic minorities. The Lao Cai Provincial Party Committee's Mass Mobilization Committee coordinated with the Bac Ha District Party Committee's Mass Mobilization Committee to organize a propaganda session on the prevention of early marriage and incestuous marriage at the Ban Pho Commune Boarding Secondary School for Ethnic Minorities, attracting a large number of Mong students to participate. On the occasion of the Delegation of Prestigious People in Ethnic Minorities City. Ho Chi Minh visited the capital Hanoi, on the afternoon of December 17, Deputy Minister, Vice Chairman of the Ethnic Minorities Committee (ECM) Y Vinh Tor warmly welcomed and met the delegation at the headquarters of the Ethnic Minorities Committee. Also welcoming the delegation were leaders of Departments and units under the Ethnic Minorities Committee. Due to the influence of the cold air, over the past week, the temperature in Bac Ha district (Lao Cai) has dropped, especially at night and in the morning. Drizzle, north wind, severe cold. To minimize the impact of the weather on livestock, causing damage to people, proactive prevention of cold for livestock has been and is being focused on. On the afternoon of December 17, Binh Duong Water - Environment Corporation (Biwase) held a ceremony to announce the successful issuance of Biwase's first AAA-rated bonds in Vietnam. Many leaders and representatives of banks, securities companies, and financial investment funds at home and abroad attended and congratulated. Mr. Tran Chien Cong - Vice Chairman of the Board of Directors - General Director of Biwase Corporation chaired the ceremony. General news of the Ethnic and Development Newspaper. The morning news of December 17, has the following notable information: Festival of Vietnamese Ethnic Cultures - Convergence of Colors. New specialties in Thai Nguyen. Xo Dang people change to rise up. Along with other news in ethnic minority and mountainous areas. On the afternoon of December 17, the Ho Chi Minh National Academy of Politics coordinated with the Hau Giang Provincial Party Committee to organize a ceremony to receive the Certificate of recognition of Hau Giang Provincial Political School as reaching level 1 standards. This is an event of special significance, a milestone marking the more than 20-year journey of construction and development of the School. On behalf of the Secretariat, Standing Secretary of the Secretariat Tran Cam Tu has just signed Directive No. 40-CT/TW dated December 11, 2024 of the Secretariat on organizing the Lunar New Year 2025. The Ethnic and Development Newspaper respectfully introduces the full text of the Directive. Prime Minister Pham Minh Chinh has just signed Decision No. 1579/QD-TTg dated December 17, 2024 to establish the Steering Committee for Waste Prevention and Control. Accordingly, Prime Minister Pham Minh Chinh is the Head of the Steering Committee. Legal knowledge that seems dry and rigid becomes lively, attractive, easy to understand, and easy to remember through the form of dramatization. Even more impressive, the skits created by Krong Ana district and directly performed by civil servants, propagandists, village and hamlet cadres, and prestigious people on stage, continue to be recorded by the district and continue to be brought to mobile villages, multiplying the effectiveness of legal propaganda. From July 1, 2025, the conditions for enjoying health insurance for 5 consecutive years is an issue of particular concern to the people.
This first batch of AAA-rated bonds has a total issuance value of VND700 billion, a fixed interest rate of 5.5%/year and a term of 10 years, fully guaranteed, unconditionally and irrevocably by the Credit Investment Fund CGIF , a trust fund of the Asian Development Bank ADB . The entire mobilized capital will be used by Biwase Long An Water Joint Stock Company to double the capacity of Nhi Thanh Water Plant in Long An, an additional 60,000 m³/day and night, to meet the increasing demand for clean water in the region.
Long An is a province bordering Ho Chi Minh City, the largest and most dynamically developing city in the country. In addition to inheriting economic - cultural - scientific and technological achievements, the locality also suffers from many other impacts on water resources and the environment. Although water resources are diverse and abundant, water quality in Long An is not guaranteed, affected by saline intrusion and high tides, so it requires large capital investment in infrastructure, factory development and water supply systems. Biwase is a leading enterprise in the water supply - environment sector in Vietnam, committed to taking the lead and being committed to a sustainable and long-term commitment to developing the water industry, ensuring safe water supply for the cause of socio-economic development - attracting investment of the province in a modern and sustainable direction. Mr. Tran Chien Cong - Vice Chairman of the Board of Directors - General Director of Biwase Corporation said.
Speaking at the announcement ceremony, Mr. Nguyen Quang Thuan, Chairman and General Director of FiinRatings Joint Stock Company - a bond credit rating unit, emphasized: Compared to 10-year government bonds with an interest rate of 3%, Biwase Long An bonds with a 10-year term have an interest rate of 5.5% due to high capital costs, but have brought great honor and confidence and are the first Vietnamese corporate bonds to be rated the highest credit rating of AAA. This success opens up new opportunities for the corporate bond market, providing long-term capital for national infrastructure development.
Credit rating agency FiinRatings has rated the corporate bond of Biwase Long An Water Joint Stock Company at AAA - the highest credit rating with the bond code "BWE-LA". CGIF Credit Investment Fund, a trust fund of the Asian Development Bank ADB, is responsible for underwriting the issuance of the "BWE-LA" bond lot worth VND700 billion. For the first time, Vietnamese corporate bonds have been rated the highest credit rating "AAA".
Source: https://baodantoc.vn/trai-phieu-doanh-nghiep-viet-nam-dau-tien-duoc-xep-hang-tin-dung-aaa-1734435448867.htm
Comment (0)