Bamboo Capital Group (HoSE: BCG) has just completed the first phase of buying back VND397 billion worth of bonds. This is an important move by Bamboo Capital to effectively manage financial obligations in the context of BCG's business activities showing many improvements.
Bamboo Capital Group (BCG) buys back nearly 400 billion VND worth of bonds before maturity
Bamboo Capital Group (HoSE: BCG) has just completed the first phase of buying back VND397 billion worth of bonds. This is an important move by Bamboo Capital to effectively manage financial obligations in the context of BCG's business activities showing many improvements.
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| BCG successfully bought back nearly 400 billion VND worth of bonds before maturity. |
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 the bonds worth VND397,163,200,000 on January 20, 2025. In the second tranche, the Group will continue to buy 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.
It is known that this bond lot 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 bonds have a term of 5 years and can be bought back 2 years before maturity according to the plan negotiated and agreed upon with the bondholders.
The early bond buyback comes amid Bamboo Capital's improving business performance. 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 Group is facing many opportunities for strong growth thanks to the benefits of new policies, especially in the field of renewable energy. 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 group's key business pillars.
Source: https://baodautu.vn/tap-doan-bamboo-capital-bcg-mua-lai-gan-400-ty-dong-trai-phieu-truoc-han-d241804.html
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