Kinh Bac Urban Development Corporation (stock code KBC) has just announced a plan to issue VND1,000 billion in private bonds to professional institutional securities investors. The expected issuance time is in the third quarter of 2024. Specifically, the enterprise will offer 1,000 bonds with a face value of VND1 billion/bond, a term of 2 years from the date of issuance with a fixed interest rate of 10.5%/year.
The expected proceeds will be used by Kinh Bac to restructure debts with two subsidiaries, Saigon - Bac Giang Industrial Park Joint Stock Company and Hung Yen Investment and Development Group Joint Stock Company. The expected repayment period is in the third - fourth quarter of 2024. Thus, compared to the highest savings interest rate for a 24-month term of some banks at 6%/year, Kinh Bac's bond interest rate is 4.5% higher.
Corporate bond interest rates are over 10.5%/year
Similarly, CMC Corporation announced that it has completed the issuance of 4 separate bonds with terms from 12 to 48 months. The total issuance volume at par value is VND700 billion, the bonds have a par value of VND100,000/bond. The interest rate of this bond ranges from 9.5%/year to 10.6%/year depending on the term.
Meanwhile, Long Thanh Cement Joint Stock Company announced an adjustment in the interest rate of the bond with the code LTCCH2136001. Specifically, the interest rate for the first interest payment period (three months) from the issuance date is 10.5%. After that, the interest rates for the following interest payment periods will depend on the time with different margins. For example, the interest rate for the period from July 1, 2024 to March 31, 2025 is applied at the reference interest rate of the loan term of more than 60 months applied to CIB customers announced by the Military Commercial Joint Stock Bank plus a margin of 0.5%/year. But for the next term, the margin is added up to 2.43%/year...
According to the July bond market report of MB Securities Company (MBS), from the beginning of the year to the end of July, banks have issued VND96,200 billion worth of bonds , an increase of 140% over the same period last year. The issuances have an average interest rate of 5.4%/year. Meanwhile, the real estate sector has the second highest issuance value, reaching VND32,600 billion . The average interest rate of real estate corporate bonds is 12%/year, twice as high as the average interest rate of the banking group. Thus, currently, corporate bond interest rates have generally decreased compared to the capital mobilization level in the same period last year.
Source: https://thanhnien.vn/lai-suat-tiet-kiem-tang-doanh-nghiep-phat-hanh-trai-phieu-voi-lai-suat-bao-nhieu-18524082708013247.htm
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