CII reallocates 300 billion VND to bond debt repayment

Ho Chi Minh City Infrastructure Investment JSC (CII) has announced an adjustment to its plan for utilizing 2,500 billion VND raised from convertible bond offerings. The company will reallocate 300 billion VND, originally intended for capital contributions to a highway project, to repay the principal of a bond lot due on October 14, 2026.

Specifically, the planned capital contribution to the Saigon - My Thuan BOT Expressway Co., Ltd. for the expansion of the Ho Chi Minh City - Trung Luong - My Thuan expressway will be reduced from 1,151 billion VND to 851 billion VND. The 300 billion VND will instead be used to settle the principal of bond lot CIIB2426001, with payment expected in the fourth quarter of 2026.

CII stated that this adjustment aims to optimize capital efficiency based on actual project contribution progress and to proactively secure funds for timely debt repayment. The company maintains that this change will not impact the capital or the actual progress of the expressway expansion project.