A&O advises U.S. International Development Finance Corporation on USD200 million loan to Southeast Asia Commercial Joint Stock Bank
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15 December 2022
Allen & Overy (“A&O”) announced today its advisement on US International Development Finance Corporation (“DFC”)’s USD200m loan to Southeast Asia Commercial Joint Stock Bank (“SeABank”).
The loan will be used to reduce the credit gap between the financial needs of the market and capital available in the economy, helping stimulate economic growth across Vietnam. Leveraging the DFC loan, SeABank intends to finance small and mid-sized enterprises across the nation, with particular focus on women-owned businesses and energy efficiency or retail development projects. The financing will also help SeABank remain committed to reducing carbon emissions and environmental damage as socioeconomic growth continues.
“The A&O team is proud to advise on closing of this finance transaction between the DFC and SeABank, which will significantly enhance business development and growth across Vietnam,” said Jean Lee, Partner and Co-Head of A&O’s Agency Finance Practice. “We look forward to advising on similar cross-border transactions as the international community continues collaborating on initiatives that will drive environmentally conscious economic growth.”
The A&O deal team was led by Partner Jean Lee with support from associates Jacob Reed, Nancy Canales, and Zeina Traboulsi in Washington D.C and partner Duc Tran and associates Thuy Huynh and Minh Tran in Ho Chi Minh City.