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Another company related to Hoang Quan Real Estate issues bonds with interest rate of 12%/year

After Hoang Quan Mekong successfully issued a bond lot of 500 billion VND, Hoang Quan Binh Thuan also just offered individual bonds to raise 492 billion VND.

Hoang Quan Binh Thuan Real Estate Consulting - Trading - Services Joint Stock Company has just announced the completion of the issuance of bond lot HQBCH2328001 on March 21. This issuance will last for nearly 3 months, starting at the end of December 2023.

The bonds were issued to the domestic market with a face value of VND100 million/bond and a term of 5 years. With 4,920 bonds successfully offered, Hoang Quan Binh Thuan earned VND492 billion.

According to the information this company announced at the Hanoi Stock Exchange, the issuance interest rate is 12% per year. The company pays interest every 6 months and pays the principal in one lump sum at maturity. The bond depository is HD Securities Joint Stock Company.

Hoang Quan Binh Thuan was established in 2004 with an initial charter capital of 30 billion VND and has now increased to 731 billion VND. Since its establishment, the company has determined its main business orientation to be investing in infrastructure of residential areas and industrial parks. The company is the investor of Ham Kiem 1 Industrial Park and Ham Kiem 1 Social Housing Area in Ham Thuan Nam District (Binh Thuan) with scales of 146.2 hectares and 13.5 hectares respectively.

A project of Hoang Quan Real Estate in Binh Thuan.

The HQBCH2328001 bond lot of Hoang Quan Binh Thuan has many similarities with the 500 billion VND bond lot that Hoang Quan Mekong Real Estate Consulting - Trading - Service Joint Stock Company has just issued. Specifically, Hoang Quan Mekong has issued 5,000 bonds with a face value of 100 million VND and an interest rate of 12% per year. The issuance period lasted from December 27, 2023 and was completed on March 18, 2024. These two bond lots both have the highest issuance interest rates since the beginning of the year.

Regarding the ownership ratio at Hoang Quan Binh Thuan, at the end of February, MST Investment Joint Stock Company (stock code: MST) announced a resolution to implement a plan to issue 70 million shares to 13 domestic professional securities investors to raise VND700 billion. The entire amount of money raised is expected to be used to buy 32.3 million shares, equivalent to 99.85% of Hoang Quan Binh Thuan's charter capital.

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