According to a report from the Vietnam Bond Market Association (VBMA), compiled from HNX and SSC, in February (up to the date of information announcement on March 1), the entire market had three separate corporate bond issuances worth VND1,165 billion. Specifically, Hai An Transport and Stevedoring Joint Stock Company (stock code HAH) successfully issued the bond lot HAHH2328001, worth 500 billion VND, 5-year term, fixed interest rate of 6%/year. This is a fairly low interest rate compared to many other businesses.
There are businesses that issue bonds with a fixed interest rate of 6%/year.
Hanoi Highway Investment and Construction Joint Stock Company (a subsidiary of CII) successfully issued HNHCH2433001 bonds worth VND550 billion, with a term of 117 months (9.5 years). The interest rate for the first period is 10.1%/year, the following periods are equal to the average medium-term lending interest rate of 4 state-owned commercial banks. Next is Lac Hong Tourism Trading Joint Stock Company. Successfully issued bond lot LHTCB2427001 worth 115 billion VND, term 3 years. Interest rate for the first 4 periods is fixed at 9%/year, the following periods are equal to the average 12-month savings interest rate of 4 state-owned commercial banks plus 4.3%/year.
Previously in January, there were two private corporate bond issuances worth VND1,650 billion and one public corporate bond issuance worth VND2,000 billion. The issuances in January had an average interest rate of 10.7%/year, with an average term of 5.25 years. Thus, in total, in the first two months of this year, businesses issued bonds to raise VND4,815 billion.
The Vietnam Bond Association commented that the gloomy issuance situation in January continued, and the issuance value in February remained very low compared to the 2023 level when some provisions in Decree 65/2022/ND-CP took effect again and tightened regulations on corporate bond issuance, such as criteria for identifying professional individual investors and credit rating requirements.
On the other hand, in February, businesses also continued to buy back bonds before maturity. Specifically, businesses bought back VND 2,056 billion of bonds, down 68% compared to the same period in 2023. Combined with VND 7,394 billion of bonds bought back by businesses in January, the cumulative figure for the first two months of the year is VND 9,450 billion. Statistics from the Vietnam Bond Association show that in the remaining 10 months of 2024, it is estimated that about VND 255,732 billion of bonds will mature. Most of which are real estate bonds with VND 98,127 billion, equivalent to 38.4%.
Source link
Comment (0)