SHS issues 550 billion VND in bonds to restructure debt

Saigon - Hanoi Securities Joint Stock Company (SHS) has just announced information regarding the first private placement of bonds in 2025.

Accordingly, SHS plans to issue a maximum of 5,500 bonds with a face value of VND 100 million per bond, thereby raising a maximum of VND 550 billion.

This is a non-convertible, unsecured bond without warrants. The bond term is 1 year. The interest rate is fixed, with a maximum of 8% per annum.

The principal of the bond will be paid in a lump sum on the maturity date or redeemed early. Interest will be paid every six months. The expected issuance date is from Q3/2025.

According to the issuance plan, these bonds are issued to restructure SHS's debt. Specifically, with the amount of VND 550 billion, SHS plans to use VND 400 billion to repay the loan to VietBank, and the remainder to restructure loans at CTBC Bank Limited and Indovina Bank Limited.

SHS's plan for using the capital raised from bond issuance.

The total amount of debt requiring restructuring is VND 590 billion. Besides using VND 550 billion from the bond issuance, SHS will utilize revenue from business operations, accumulated capital, and other legitimate sources of funding to cover the capital shortfall for the restructured debt.

According to SHS's financial report, as of June 30, 2025, SHS's total liabilities amounted to VND 6,143 billion, a sharp increase of 118% compared to the beginning of the year.

Of this, short-term liabilities accounted for the majority, valued at VND 5,985 billion. The financial report notes that SHS's short-term lease financing debt increased from VND 2,141 billion to VND 4,837 billion within six months, both increases stemming from borrowing from credit institutions.

Previously, at the 2025 Annual General Meeting, SHS shareholders approved the plan to issue bonds with a maximum value of VND 5,000 billion through a public offering. This plan will be implemented depending on the actual market situation and capital needs, and is intended to increase the scale of financial services activities while focusing on risk management.

Currently, financial assets recognized through profit and loss (FVTPL) and loans account for the main proportion of SHS's total assets, with values of VND 9,174 billion and VND 6,268 billion respectively.

Source: https://baodautu.vn/shs-phat-hanh-550-ty-dong-trai-phieu-de-co-cau-no-d359513.html

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