Aviation
Avolon Aerospace leasing Airbus aircrafts to Vietnam Airlines and Bamboo Airways
VILAF advised Avolon Aerospace Limited in the refinancing of an Airbus A350 leased by Vietnam Airlines and in the leasing of several Airbus A350 aircrafts to Vietnam Airlines and Bamboo Airways.
Partner Vo Ha Duyen and Counsel Nguyen Thi Kim Anh advised these deals.
Banking & Finance
Financing of Long Son Petrochemicals Complex
VILAF advised Long Son Petrochemicals Company Limited in the process of financing the US$3.2 billion development of Long Son Petrochemicals Complex in Long Son Industrial Zone, Ba Ria, Vung Tau Province in southern Vietnam. The syndicated loan was completed with the lending from 6 commercial banks including SMBC, Mizuho, Bangkok Bank, Krung Thai Bank, Siam Commercial Bank, and Export Import Bank of Thailand.
The complex began construction in the third quarter of 2018 and is expected to commence operation in the first half of 2023.
This financing was awarded by IJGlobal as the APAC Petrochemicals Deal of the Year 2018.
The VILAF team that advised this deal included Partner Tran Tuan Phong and Counsel Nguyen Vu Quynh Lam.
Reserve Based Lending Facility to SOCO International
VILAF advised BNP Paribas, Crédit Agricole and Standard Chartered Bank as arrangers in the US$125 million Reserve Based Lending Facility to SOCO International, secured against the Group’s producing assets in Vietnam, which include Te Giac Trang Field of Block 16-1, Ca Ngu Vang field of Block 9-2 and Blocks 125 & 126 offshore Vietnam.
Partner Vo Ha Duyen advised this deal.
Bank of China (HK) Lending Facility to Gain Lucky
VILAF advised Bank of China (HK) in making a US$35 million medium term loan facility to Gain Lucky Vietnam to fund its project.
Partner Vo Ha Duyen and Senior Associate Nguyen Thanh Tung advised this deal.
Rabobank’s loan to Japfa Vietnam
VILAF advised Rabobank in the loan to Japfa Vietnam worth US$30 million and in taking security interest over Swine from Japfa Vietnam.
The VILAF team that advised this deal included Partners Dang Duong Anh and Vu Le Trung.
M&A Financial Sector
Acquisition of Asia Commercial Bank Shares
VILAF advised Alp Asia Finance (Vietnam) Limited in the acquisition of 100% shares in Sather Gate Investment Limited from Sather Gate Investment Holdings Limited and 100% shares in Whistler Investments Limited from Whistler Investments Holdings Limited. Both Sather Gate and Whistler held 4.99% shares of Asia Commercial Bank (ACB). Each held 51.1 million ACB shares.
Partners Tran Tuan Phong, Luu Hoang Ha, and Tran Anh Hien, together with Counsel Nguyen Vu Quynh Lam and Senior Associates Pham Thuy Anh and Tu Duy Anh.
Vietcombank’s private placement of shares to GIC
VILAF advised Credit Suisse in Vietcombank’s issuance of 94,442,442 ordinary shares worth US$270 million to GIC Private Limited in its private placement to raise its charter capital.
This transaction involved a US$ escrow deposit and approval from the State Bank of Vietnam for the non-application of the restriction to transfer shares to certain countries.
Partner Tran Tuan Phong and Senior Associate Pham Thuy Anh advised this deal.
ANZ’s sale of its retail banking business
VILAF advised ANZ in the bidding process, customer migration and other issues concerning the transfer, and the negotiation of the sale agreements with the bidders and Shinhan Bank Vietnam. ANZ’s retail business served 125,000 customers in Vietnam and included US$547 million in deposits and US$161 million in lending assets as of September 2016, with 8 branches.
Partners Vo Ha Duyen and Pham Si Hai Quynh advised this deal, with the assistance of Senior Associate Nguyen Thanh Tung.
VIB Bank’s acquisition of all banking assets of Commonwealth Bank of Australia (Vietnam)
VILAF advised VIB Bank in the acquisition of all banking assets of the Vietnam branch of Commonwealth Bank of Australia in connection to the proposed closure of this branch in Vietnam.
Partner Vo Ha Duyen advised this deal.
Bank of China HK acquiring Vietnam branch of Bank of China
VILAF advised Bank of China (Hong Kong) (“BOCHK”) in the transfer of the business of Bank of China – Ho Chi Minh City branch from Bank of China to BOCHK as part of the global BOC group restructuring. The transfer of the Vietnam business was estimated to be US$152 million.
Together with the transfer of the Philippines business, establishment of the Brunei branch and previous acquisitions of subsidiaries from BOC in Cambodia, Indonesia, Malaysia, and Thailand, BOCHK was set to become an internationalized regional bank.
Partner Vo Ha Duyen and Senior Associate Nguyen Thanh Tung advised this deal.