SHS issues 550 billion VND in bonds to restructure debt

According to the issuance plan, SHS will use the capital raised from the bonds to restructure debt.

Saigon - Hanoi Securities Corporation (SHS) has just announced information about the first private bond issuance in 2025.  

Accordingly, SHS plans to issue a maximum of 5,500 bonds with a par value of VND100 million/bond, thereby mobilizing a maximum of VND550 billion.  

This is a non-convertible, unsecured bond with no warrants. The bond term is 1 year. The interest rate is fixed, maximum 8%/year.  

Bond principal is paid in one lump sum on the maturity date or repurchased before maturity. Interest is paid periodically every 6 months. Expected issuance date is from the third quarter of 2025.  

According to the issuance plan, these bonds are issued for the purpose of restructuring SHS's debt. Specifically, with the amount of VND 550 billion, SHS plans to use up to VND 400 billion to pay off the loan to VietBank, the rest to restructure the loan at CTBC Bank Limited and Indovina Bank Limited.  

Plan for using capital mobilized from SHS bonds.

The total amount of debt that needs to be restructured is VND590 billion. In addition to using VND550 billion from the bond issuance, SHS will use revenue from business activities, self-accumulated capital and other legal capital sources to offset the capital shortage with the restructured debt.  

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

Of which, short-term liabilities account for the majority with a value of VND 5,985 billion. The financial report noted that SHS's short-term financial leasing debt increased from VND 2,141 billion to VND 4,837 billion within 6 months, all due to increased borrowing from credit institutions.  

Previously, at the 2025 Annual General Meeting of Shareholders, SHS shareholders approved the policy of issuing bonds with a maximum value of VND 5,000 billion through public issuance. This policy will be implemented depending on the actual market situation and capital needs, expected 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 in the total asset structure of SHS 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