DCG Vietnam Debt Fund C

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The proposed investment comprises of a 5-year senior loan of up to US$75 million, consisting of (i) an up to US$50 million IFC A Loan from its own account, (ii) an up to US$25 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program to Vietnam Debt Fund Segregated Portfolio C (“VDeF C” or the “Fund”), a segregated portfolio to be established by Vietnam Debt Fund SPC (“VDeF SPC”), a subsidiary of Dragon Capital Group Limited (“DCG” or the “Sponsor”). VDeF C targets to have a fund size of up to US$120 million. VDeF SPC currently holds two portfolios concentrating in investments in corporate bonds issued by Vietnamese mid and large size private companies.VDeF C will be established with 25% of the total fund size contributed in the form of equity from DCG itself. In addition to the senior loan, IFC will mobilize up to US$30 million from other investors to the Fund. Through the investment, IFC will support a reputable fund management group with strong in-house capacity to assess Vietnamese local businesses, in contributing to the demand side of the market and facilitate expansion of the supply side through its work with first-time issuers.