Vingroup’s Hospitality Arm Seeks $300 Million in Private Debt

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The hospitality unit of Vingroup JSC is seeking a private credit loan of as much as $300 million for refinancing, people familiar with the matter said, the latest in a series of borrowings raised by the Vietnamese conglomerate.The proposed four-year debt for Vinpearl JSC is structured as convertible preferred shares that offer dividends, with the potential for upside in returns when certain milestones are achieved, the people said, asking not to be identified discussing private matters. Discussions are ongoing and terms could change, the people added.