This is an important move by Bamboo Capital to effectively manage financial obligations and optimize capital strategy in the context of the company's business activities showing many improvements.

Previously, Bamboo Capital announced a plan to buy back the BCG122006 bond lot worth VND500 billion in two tranches. The first tranche will buy back bonds worth VND397,163,200,000 on January 20, 2025. In the second tranche, Bamboo Capital plans to continue buying the remaining bonds, worth VND102,836,800,000, expected to be completed on April 20, 2025. Thus, Bamboo Capital has completed the purchase of 100% of the bonds in the first tranche as planned.

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It is known that this bond batch marks the first time Bamboo Capital has issued bonds to the public, a form that requires businesses to comply with stricter regulations than private issuance to ensure greater transparency and safety for investors.

Before the issuance, Bamboo Capital proactively invited an independent credit rating agency to evaluate the role of the issuer and received positive credit ratings. The BCG122006 bond lot is also one of the bonds successfully issued in the market 3 years ago. The bond has a term of 5 years and can be repurchased 2 years before maturity according to the plan negotiated and agreed upon with the bondholders.

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The early bond buyback took place in the context of Bamboo Capital's improving business situation. According to the financial report ending in the third quarter, after the first 9 months of the year, Bamboo Capital's consolidated net revenue reached VND 3,238.1 billion, up 14.3% over the same period in 2023. The Group's after-tax profit in the first 9 months of the year reached more than VND 748 billion, 4 times higher than the same period in 2023.

Bamboo Capital is facing many growth opportunities thanks to the benefits of new policies, especially in the renewable energy sector. Regulations such as the Electricity Law (amended), Decree 135/2024/ND-CP on encouraging the development of rooftop solar power and Decree 80/2024/ND-CP on the direct power purchase mechanism (DPPA) open up positive prospects for expanding the energy business. In addition, the completion of the Power Plan VIII will contribute to creating a favorable legal corridor, helping Bamboo Capital optimize its renewable energy development strategy, which is one of the key business pillars of the enterprise.

Ngoc Minh