Deutsche Bank, SeaTown Join VinFast’s $510 Million Private Debt

Deutsche Bank AG and SeaTown Holdings International are among the lenders providing a $510 million private credit loan to VinFast Auto Ltd., according to people familiar with the matter.

The facility for VinFast, an electric vehicle maker owned by Vietnamese conglomerate Vingroup JSC, pays high-single digit returns, the people said, who asked not to be identified discussing private matters. Jefferies Financial Group Inc. was the sole financial adviser for VinFast and Vingroup for the deal, according to a LinkedIn announcement.