December 28, 2023

CGIF supports Vietnam’s leading water purifier producer Tecomen Holding JSC

Credit Guarantee and Investment Facility (“CGIF”), a trust fund of the Asian Development Bank (“ADB”) has guaranteed Tecomen Holding Joint Stock Company’s (“Tecomen” or “Issuer”) debut bond issuance, a five-year VND200 billion fixed-rate bond (“Bond”).

Vietnam-based Tecomen was founded in 2006 as producer and distributor of water purifiers. Its homegrown and self-developed water purifier brand “Karofi” was the first smart water purifier in the country, as well as the first locally produced water purifier to meet Vietnam’s Ministry of Health’s standards for direct drinking water. To date, it is Vietnam’s number one water purifier in terms of market share with the largest production facility in ASEAN.

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