MASAN GROUP’S BOND – MSN12003

Masan owns a diverse ecosystem

The CrownX

The retail-consumer platform combines Masasan’s advantages at MCH and VCM.

MasanConsumer Holdings

Investing in the food and beverage industry.

WinCommerce

Developing a nationwide retail network.

Masan MeatLife

Sowning 3F model specializing in providing qualified pork products.

Masan High tech Material

The largest private mineral resource processing company in Vietnam, operating the Nui Phao polymetallic mine project.

Techcombank

One of the largest joint stock commercial banks in Vietnam.

Financial Situation

Profit increased 7 times thanks to core growth and sudden profit from divestment.

In 2021, MSN’s net revenue reached VND 88.6 trillion (+14.8% yoy) and profit after tax (PAT) from parent company shareholders reached VND 8.6 trillion (+593.9% yoy) with many positive highlights in the activities of the operations related to MasanConsumer Holdings and WinCommerce, with a surge in revenue from the sale of MSN Feed to De Heus.

MASAN Group (VND Billion)	2018	2019	2020	2021
Net revenue	38,188	37,354	77,218	88,629
Gross profit	11,881	10,941	17,889	22,135
Profit after tax	4,916	5,558	1,234	8,563

Bonds Information

Masan Group’s Bonds

Issuance Scale	VND 3,000,000,000,000 (VND 3,000 billion)
Issue Date	12/05/2020
Maturity Date	12/05/2023
Term	3 years
Coupon payment term	every 6 months
Coupon interest	10.6%/năm at current period

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** The liquidity support service offered by Pinetree will be at an appropriate call price under market conditions at times during the maturity of the Bonds.

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