{"id":13949,"date":"2024-11-21T11:19:32","date_gmt":"2024-11-21T04:19:32","guid":{"rendered":"http:\/\/13.250.117.83\/?p=13949"},"modified":"2024-11-21T11:22:28","modified_gmt":"2024-11-21T04:22:28","slug":"ykvn-advised-phenikaa-on-its-first-sustainable-fitch-rated-vnd-520-billion-social-bonds","status":"publish","type":"post","link":"https:\/\/ykvn-law.com\/vi\/ykvn-advised-phenikaa-on-its-first-sustainable-fitch-rated-vnd-520-billion-social-bonds\/","title":{"rendered":"YKVN advised Phenikaa on its first Sustainable Fitch-rated VND 520 billion social bonds"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1732161380594{margin-bottom: 0px !important;}&#8221;]\n<h1><span class=\"TextRun SCXW24692048 BCX8\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW24692048 BCX8\">YKVN advised <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW24692048 BCX8\">Phenikaa<\/span><span class=\"NormalTextRun SCXW24692048 BCX8\"> on its first Sustainable Fitch-<\/span><span class=\"NormalTextRun SCXW24692048 BCX8\">ra<\/span><span class=\"NormalTextRun SCXW24692048 BCX8\">te<\/span><span class=\"NormalTextRun SCXW24692048 BCX8\">d VND 520 billion social bonds<\/span><\/span><span class=\"EOP SCXW24692048 BCX8\" data-ccp-props=\"{}\">\u00a0<\/span><\/h1>\n[\/vc_column_text][vc_single_image image=&#8221;13954&#8243; img_size=&#8221;full&#8221; css=&#8221;&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1732162838039{margin-bottom: 0px !important;}&#8221;]<span data-contrast=\"auto\">YKVN acted as sole counsel to A&amp;A Green Phoenix Group Joint Stock Company (Phenikaa) on its VND 520 billion issuance of dual-tranche sustainability-linked bonds.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Sustainable Fitch, in its second-party opinion, considers Phenikaa\u2019s Sustainable Finance Framework \u00a0transaction \u201c<\/span><i><span data-contrast=\"auto\">to be fully aligned with the ICMA Green and Social Bond Principles and Sustainability Bond Guidelines, and the Loan Market Association, Loan Syndications and Trading Association and Asia Pacific Loan Market Association Green and Social Loan Principles.<\/span><\/i><span data-contrast=\"auto\">\u201d More about the second-party opinion <\/span><a href=\"https:\/\/www.sustainablefitch.com\/corporate-finance\/phenikaa-group-second-party-opinion-16-09-2024\"><span data-contrast=\"none\">here<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Phenikaa is also among the very first bond issuers in Vietnam to apply a credit rating to its bond issuance. Evaluated by VIS Ratings, Phenikaa received an initial long-term rating of \u201cA\u201d (stable). More about Phenikaa\u2019s credit rating <\/span><a href=\"https:\/\/visrating.com\/rating-results\/organization\/5\/cong-ty-co-phan-tap-doan-phuong-hoang-xanh-aanda.html\"><span data-contrast=\"none\">here<\/span><\/a><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Partner <\/span><a href=\"https:\/\/ykvn-law.com\/lawyers\/nguyen-van-hai\/\"><span data-contrast=\"none\">Nguyen Van Hai<\/span><\/a><span data-contrast=\"auto\"> led the YKVN team, with the support of Senior Associate <\/span><a href=\"https:\/\/ykvn-law.com\/lawyers\/le-huynh-nhat-minh\/\"><span data-contrast=\"none\">Le Huynh Nhat Minh<\/span><\/a><span data-contrast=\"auto\"> and Associate Duong Phuong Thanh. The team also advised Phenikaa on its VND 900 billion bond issuance guaranteed by CGIF in January 2024.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:257}\">\u00a0<\/span><\/p>\n<p>Image: \u00a9 <span data-contrast=\"auto\">Phenikaa<\/span>[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221;][vc_separator style=&#8221;double&#8221;][vc_column_text css=&#8221;.vc_custom_1683274619704{margin-bottom: 0px !important;}&#8221;]For more information, please contact YKVN Marketing Team:<\/p>\n<p>T: (+84-28) 3 822 3155<br \/>\n<a href=\"mailto:marketing@ykvn-law.com\">marketing@ykvn-law.com<\/a>[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Partner Nguyen Van Hai led the YKVN team, with the support of Senior Associate Le Huynh Nhat Minh.<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13949","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - 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