As of February 28, there were no corporate bond issuances in February this year, according to data released by the Vietnam Bond Market Association (VBMA).
VBMA estimates that there will be about VND192,267 billion worth of bonds maturing in the remaining 10 months of this year - Photo: QUANG DINH
Specifically, according to VBMA data, as of the information announcement date of February 28, there were no corporate bond issuances in February 2025.
Also this month, businesses bought back VND2,592 billion worth of bonds before maturity, down 58% compared to the same period in 2024.
In the remaining 10 months of 2025, VBMA estimates that there will be about VND 192,267 billion of bonds maturing, of which the majority are real estate bonds with VND 107,235 billion, equivalent to 54%.
Regarding the situation of unusual information disclosure, the report from VBMA said that there was 1 bond code that was late in paying interest of 39 billion VND in February.
In the secondary market, the total value of individual corporate bond transactions in February reached VND73,491 billion, an average of VND3,675 billion/session, down 22% compared to the average in January.
VBMA notes that all aggregate data is recorded according to the bond issuance date and the repurchase date from the HNX website.
Regarding the upcoming issuance plan, the report shows that HDBank has approved a plan to issue bonds to the public in the first and second quarters of 2025 with a maximum total value of VND10,000 billion.
These are non-convertible bonds, without warrants, without collateral and with a face value of VND100,000/bond. The bonds have a term of 7-8 years and a floating interest rate, VBMA said.
In addition to HDBank, VNDIRECT Securities has also approved a plan to issue individual bonds divided into 2 phases in 2025 with a maximum total value of VND 2,000 billion.
The above bonds are non-convertible, non-warrant, unsecured and have a face value of VND 100,000/bond. The bonds have a maximum term of 3 years with an initial interest rate of 8.3%/year.
Previously, the Vis Rating report - a credit rating unit with capital from Moody's - pointed out that the Vietnamese corporate bond market in 2024 has strongly recovered after the crisis in 2022-2023, marked by a sharp decrease in the number of newly issued overdue bonds.
This unit counted 21 organizations with first-time late payments in 2024, a significant decrease compared to 79 organizations in 2023.
"The recovery in market sentiment is reflected in the increase in total new issuance value and improved liquidity in the secondary market," Vis Rating experts assessed.
Notably, the report shows that the total issuance value in 2024 will reach VND472,000 billion, an increase of nearly 40% compared to 2023.
Experts expect that the amended Securities Law, which will take effect from early 2025, will increase market transparency and develop a more sustainable corporate bond market in a new development phase.
Accordingly, the new law requires stricter management of bond issuance and investment, and promotes the use of credit ratings to assess investment risks.
Source: https://tuoitre.vn/khong-co-dot-phat-hanh-trai-phieu-doanh-nghiep-nao-trong-thang-2-20250309204428074.htm
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