Shinhan Vietnam Bank Arranges Green Syndicated Loan for Local Livestock Company

Providing a 28 Billion Won Syndicated Loan to BaF

Shinhan Bank announced on the 17th that its local subsidiary in Vietnam, Shinhan Vietnam Bank, has successfully arranged a syndicated loan worth 500 billion VND (approximately 28 billion KRW) for the Vietnamese livestock company BaF (BaF Vietnam Agriculture).

According to Shinhan Bank, the lending consortium including Shinhan Vietnam Bank signed a green syndication agreement with BaF on the 15th at Vinpearl Landmark 81 in Ho Chi Minh City, Vietnam. The signing ceremony was attended by representatives from Shinhan Vietnam Bank, DGB Daegu Bank, Taiwan's First Bank, the lending consortium, BaF officials, and an advisor from the International Finance Corporation (IFC) Vietnam.

BaF is a leading Vietnamese livestock company that has introduced a manufacturing system covering feed production, pig farming, and pork processing, raising more than 200,000 pigs across 23 local farms in Vietnam.

BaF previously attracted investments totaling 900 billion VND (approximately 50 billion KRW) after a thorough ESG management due diligence by the International Finance Corporation (IFC). Through this syndication, Shinhan Vietnam Bank plans to support combined investment and financing for a large-scale eco-friendly pig farm newly established in Nghe An, northern Vietnam.

A syndicated loan refers to a system where multiple banks form a lending consortium and provide a certain amount of medium- to long-term loans under common terms.

A representative of Shinhan Vietnam Bank said, “We succeeded in arranging a syndication involving not only domestic banks but also foreign banks through various attempts to evaluate the ESG level of local Vietnamese companies and supply funds. We will continue to actively promote financial support for local companies committed to ESG management.”

This content was produced with the assistance of AI translation services.