Corporate bonds issued in 10 months exceed the whole year

According to VIS Rating's October bond market report, in October, the cumulative amount of corporate bond issuance in 10 months reached VND366,000 billion, higher than the total issuance for the whole year of 2023. Of the bonds issued by banks in October, 20% were secondary bonds eligible for Tier 2 capital, issued by Vietnam Joint Stock Commercial Bank for Industry and Trade, Tien Phong Commercial Joint Stock Bank, Loc Phat Vietnam Joint Stock Commercial Bank and Bac A Commercial Joint Stock Bank.

New corporate bond issuance to increase further in 2023

In addition, an issuer in the infrastructure sector and an issuer in the banking sector issued bonds to the public with a total value of VND1,800 billion. Since the beginning of the year, 11.5% of the total newly issued bonds have come from public issuances...

Data from the Vietnam Bond Association shows that in October, businesses bought back VND12,772 billion of bonds before maturity, down 28% compared to the same period in 2023. In the last two months of 2024, it is estimated that there will be about VND65,685 billion of bonds maturing, most of which are real estate bonds with VND26,255 billion, equivalent to 40%. Regarding the situation of unusual information disclosure, there is 1 new bond code with delayed principal and interest payments with a total value of VND2,658 billion.

In the coming time, there will be a number of enterprises issuing bonds such as the Board of Directors of Vietnam Export Import Commercial Joint Stock Bank has approved a plan to issue individual bonds in the fourth quarter of 2024 with a maximum total value of 3 trillion VND. These are non-convertible bonds, without warrants, without collateral, with a face value of 100 million VND/bond. The bonds have a term of 3 years with a maximum fixed interest rate of 5.5%/year. Or the Board of Directors of Vietnam Joint Stock Commercial Bank for Foreign Trade has approved a plan to issue individual green bonds in 2024 with a maximum total value of 2,000 billion VND. These are non-convertible bonds, without warrants and without collateral with a face value of 1 billion VND/bond and a term of 2 years...

Source: https://thanhnien.vn/trai-phieu-doanh-nghiep-phat-hanh-10-thang-vuot-ca-nam-185241110114306738.htm