The indirect subsidiary of CII has just raised 1,200 billion VND in bonds.

The BOT company in Ninh Thuan province, an indirect subsidiary of CII, has recently raised bonds worth 1.2 trillion VND with a nearly 10-year term and an annual interest rate of 10.5%.

The BOT company, TNHH MTV BOT Ninh Thuan, has announced the results of its private bond issuance. Specifically, the company has completed the issuance of the BNTCH2433001 bond series with a term of 117 months (approximately 10 years), starting from January 29, 2024, and maturing on October 29, 2033. The total issuance value is 1.2 trillion VND, with a face value of 100 million VND per bond. According to information released by the Hanoi Stock Exchange, these bonds carry an annual interest rate of 10.5%.

TNHH MTV BOT Ninh Thuan was established in late July 2014, headquartered in District 6, Ho Chi Minh City. It is a wholly-owned subsidiary of CII Infrastructure Investment Company Limited (CII), which itself is a subsidiary of Ho Chi Minh City Infrastructure Investment Corporation (CII). This makes TNHH MTV BOT Ninh Thuan an indirect subsidiary of CII.

The primary purpose of establishing TNHH MTV BOT Ninh Thuan is to implement the project to expand the bypass of National Highway 1A through Phan Rang City (Ninh Thuan).

According to information from the company's website, the estimated total investment for the project is 2.111 trillion VND. This project is part of the investment project to expand the QL1A route, a main transportation artery connecting North and South Vietnam. The expanded road section has contributed to reducing traffic accidents and increasing vehicle flow, ensuring continuous transportation from northern provinces to Central and Southern Vietnam. The total length of the expansion is 36.75 km, with multiple short sections spanning from the border between Khanh Hoa and Ninh Thuan provinces, connecting adjacent to the 10.13 km Phan Rang - Thap Cham bypass project that CII has invested in. The project scale includes 6 lanes with a roadbed width of 20.5 meters.

The average daily toll revenue in 2022 was 740 million VND. The toll collection period is approximately 19 years and 7 months, expected to end in October 2023.

The financial report of CII Infrastructure Investment Company Limited shows that its total assets at the end of 2023 amounted to 22.912 trillion VND, a significant increase from 12.750 trillion VND at the beginning of the year. Long-term assets dominate with an absolute amount reaching 21.285 trillion VND, an increase of nearly 10,000 billion VND from the beginning of the year. The company's total liabilities exceeded 17.729 trillion VND, up nearly 10,000 billion VND from the beginning of the year, primarily comprising long-term debts.

In 2023, CII Infrastructure Investment Company Limited recorded gross revenue of 1.597 trillion VND, compared to 1.340 trillion VND the previous year. Net profit after tax saw a significant increase, reaching 926 billion VND, double that of the previous year.