After a quiet month, corporate bond issuance has become active again, recording an increase of 42%. According to data from Vietnam Investment Credit Rating Joint Stock Company (VIS Ratings), this is the third highest issuance value month since the beginning of the year.
Vinhomes leads in issuance value with two bond lots mobilizing 15,000 billion VND for refinancing, with an interest rate of 11% per year. This is one of the largest issuances since the beginning of the year by the real estate group.
In the banking group, HDBank, MB,ACB and Bac A Bank all carried out issuances of over VND1,000 billion. Banks continued to take advantage of low interest rates to supplement medium and long-term resources and increase additional capital.
According to statistics, the bank group's issuance has an interest rate ranging from 5.2 - 6.5%, significantly lower than the 8.5 - 11% of real estate businesses.
In the first eight months of the year, the value of corporate bonds issued reached VND373,000 billion, nearly one and a half times higher than the same period last year. Of this, more than VND47,800 billion was issued to the public, up 30% over last year.
The total outstanding debt of the bond market is currently 1.39 million billion VND, slightly up from last month. About 660,000 billion VND of this is bank bonds, while real estate accounts for 391,000 billion VND. Some industry groups such as resort tourism , energy, construction, securities... account for a low proportion.
In addition to positive signals from new issuance, the market also recorded improvements in handling bonds with delayed principal payments and early redemptions. According to VIS Ratings, in August, a real estate company paid VND4,000 billion in bond principal.
The Vietnam Bond Market Association (VBMA) estimates that businesses bought back more than VND27 trillion of bonds before maturity last month, up 70% year-on-year. The value of bonds maturing in the remaining months of this year is about VND69.7 trillion, of which nearly half are real estate bonds.
PV - VNESource: https://baohaiphong.vn/phat-hanh-trai-phieu-doanh-nghiep-tang-tro-lai-520745.html
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