Information from the Hanoi Stock Exchange (HNX) said that Vinpearl Joint Stock Company has just successfully issued 750 international bonds with a face value of 200,000 USD/bond. The issuance value reached 150 million USD (about 3,900 billion VND). The bonds have a term of 5 years, maturing on August 20, 2029.
Vinhomes Joint Stock Company (stock code: VHM) has issued 6 bonds since the beginning of the year, taking place in March, April, May, and July. The total issuance value is 12,500 billion VND with a fixed interest rate of 12%/year.
Kinh Bac Urban Development Corporation (stock code: KBC) also approved the issuance of up to VND1,000 billion in bonds, expected to be implemented in the third quarter. These bonds are non-convertible, non-warrant, secured by assets and are not secondary debts of the issuing organization. The bond term is 2 years, with a fixed interest rate of 10.5%/year.
Kinh Bac wants to issue to restructure Kinh Bac's main debts to the companies: Saigon - Bac Giang Industrial Park Joint Stock Company; Hung Yen Investment and Development Group Joint Stock Company.
The collateral includes shares of Saigon - Hai Phong Industrial Park Joint Stock Company (SHP) owned by Kinh Bac; rights, benefits and interests enjoyed according to the proceeds and distributions related to the mortgaged SHP shares.
Real estate businesses promote bond mobilization (Illustration photo: Trinh Nguyen).
Or Van Huong Investment and Tourism Joint Stock Company (headquartered in Hai Phong City) has just successfully mobilized more than 1,396 billion VND in bonds in the domestic market. The bonds have a term of 3 years, maturing on July 16, 2027.
In August, Becamex IDC also issued 2 bonds with a total value of 500 billion VND. In the first round, on August 14, the company successfully issued 200 billion VND worth of bonds with a term of 3 years. In the second round, on August 21, the company completed the issuance of 300 billion VND worth of bonds with a term of 3 years. The bond interest rate of both issuances is 10.5%/year.
Previously, in January and June this year, Becamex IDC also had two other issuances with a total value of VND2,100 billion.
Ha An Real Estate Investment and Trading Joint Stock Company (a subsidiary of Dat Xanh Group) has also successfully mobilized VND 235 billion in bonds with a term of 3 years, maturing on June 28, 2024.
Thai Son Construction Investment Joint Stock Company also issued 1,890 billion VND in bonds, 2-year term, due August 1, 2026. The issuance interest rate is 12%/year.
A report from the Vietnam Bond Market Association (VBMA) compiled data showing that from the beginning of the year to August 2, businesses had 175 private issuances, worth VND168,433 billion, and 12 public issuances, worth VND14,586 billion.
In the remaining months of this year, VBMA estimates that there will be about VND121,854 billion worth of bonds maturing, mostly real estate (accounting for 42%).
The Ministry of Construction stated that real estate enterprises have shown signs of issuing bonds again and can expect more stability for an important capital mobilization channel of the industry. The real estate sector still dominates capital mobilization activities from the bond channel.
However, besides the positive aspects that have been achieved, the Ministry believes that the pressure of maturing bonds is still a heavy responsibility of real estate businesses to bring confidence to investors and contribute to stable and healthy development in the coming time.
Source: https://dantri.com.vn/bat-dong-san/loat-ong-lon-bat-dong-san-huy-dong-nghin-ty-dong-trai-phieu-20240827091153255.htm
Comment (0)