MASAN GROUP'S BOND - MSN121013 - Pinetree Securities

Bond May 17, 2023

MASAN GROUP’S BOND – MSN121013

MASAN GROUP’S BOND – MSN121013

Company Information

Masan Group was established in November 2004, is one of the leading multi-industry companies in the private sector of Vietnam with the slogan “doing well by doing good”.

Masan

Masan owns a unique retail-consumer platform that creates an extensive digital ecosystem, ensuring profit targets when scaling up. Masan built the Mini Mall model – all in one: serving a variety of products and services for all family members. Masan applies AI and ML technologies to increase the ability to understand consumers. Combining data from offline channels, Masan provides services to help users have outstanding experiences in all fields.

Masan owns a diverse ecosystem

Msn Entities

The CrownX

The retail consumer platform that unites Masan’s interests at MasanConsumer Holdings (MCH) and WinCommerce (WCM) – towards the vision of becoming an integrated Point of Life.

MasanConsumer Holdings

Investing in the food and beverage industry, becoming a market leader across the portfolio of goods in which Masan Consumer operates.

WinCommerce

The number of Winmart and Winmart+ supermarket systems continuously hold the number one position in the top 10 prestigious retail companies according to the Vietnam Report poll

Masan MeatLife

Specializing in providing quality MeatDeli pork and 3F chicken 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

Masan Group’s 2022 consolidated profit margin increased by 1.5% to 28%, MSN’s net revenue reached VND 76.2 trillion and gross profit reached VND 21 trillion. In which, MCH and WCM are the two main contributors to Masan Group’s revenue and growth (83.5%).

Masan’s loan balance as of December 31, 2022: Long-term debt accounted for 43%, mainly bank loans and bonds issued for the purpose of CAPEX  investment and business expansion. Long-term interest rates are at 3%-11% with an average term of 3-5 years. Masan Group always fulfills its financial obligations on time.

MASAN Group
(VND Billion)
2018 2019 2020 2021 2022
Net revenue38,18837,35477,21888,629 76,189
Gross profit11,88110,94117,88922,135 21,035
Profit after tax4,9165,5581,2348,563 3,566

Bonds Information

Masan Group’s Bonds

Issuance ScaleVND 500,000,000,000
(VND 500 billion)
Issue Date11/01/2021
Maturity Date11/01/2024
Term3 years
Coupon payment termevery 6 months
Coupon interest10.1%/year at current period

* Pinetree only offers liquidity support for the bonds distributed by Pinetree and bonds bought by investors from Pinetree.

** 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.

Documentations

Bản giới thiệu Trái phiếu

Bản cáo bạch NY MSN121013

Điều lệ Công ty

Đăng ký kinh doanh

Cam kết thực hiện nghĩa vụ

Báo cáo tài chính hợp nhất năm 2021

Báo cáo tài chính riêng lẻ năm 2021

Báo cáo tài chính hợp nhất năm 2020

Báo cáo tài chính riêng lẻ năm 2020

BCTC kiem toan hop nhat 2019.pdf

BCTC kiem toan rieng le 2019.pdf

Hop dong Dai dien Chu SHTP.pdf

NQ HDQT_vv chao ban ra cong chung

NQ HDQT vv ho so chao ban

Báo cáo tình hình sử dụng vốn

Copyright © 2022. Pinetree Securities Corporation| Tax Code: 0101294902