VDSC plans to mobilize another 1,000 billion VND through bonds to restructure debt.

On October 7, 2025, Dragon Capital Securities Corporation (VDSC) plans to launch its fourth private bond issuance this year, with a total offering value of VND 1,000 billion.

According to the resolution just passed by the Board of Directors, VDSC plans to issue 10,000 bonds coded VDS12504, with a face value of VND100 million/bond. This is a non-convertible bond, without warrants and without collateral, with a term of 1 year, and a fixed interest rate of 8%/year.

The entire proceeds will be used by the company for debt restructuring purposes, including payment of principal of maturing bonds/early repurchase and/or partial or full payment of bank loans on maturity or early repayment.

Since the beginning of 2025, VDSC has issued 3 separate bonds. Specifically, the company issued 500 billion VND worth of bonds coded VDS12501 with an interest rate of 8.2%/year in March 2025. In May, it continued to issue coded VDS12502 worth 659.1 billion VND, with an interest rate of 8%/year; and most recently, on July 22, it issued 800 billion VND worth of bonds coded VDS12503. These bonds all have a term of 1 year.

Along with raising capital through bond issuance, VDSC also implemented a plan to offer individual shares in 2025. The company plans to issue 48 million shares, equivalent to 17.65% of outstanding shares, at a price of VND18,000/share.

These shares are expected to be offered to 8 investors, including 7 domestic individual investors and 1 foreign organization, Casco Investments Limited. It is expected that Casco Investments Limited will buy 2 million shares, increasing the number of shares owned to 3.1 million shares, equivalent to 0.98%.

Among the 7 individual investors, Mr. Tran Van Ha is the biggest buyer with an expected purchase of up to 30 million shares, equivalent to 625% of the shares offered. If the distribution is completed, Mr. Ha will become a major shareholder of VDSC with a holding ratio of 9.46%.

If the private offering is successful, VDSC will collect about VND864 billion. According to the capital usage plan, VDSC will use 90%, equivalent to VND777.6 billion, for margin trading and advance payments. The remaining 10% will be supplemented for self-trading/underwriting activities and participation in the bond market. The disbursement period is expected to last from the fourth quarter of 2025 to the second quarter of 2026.

Source: https://baodautu.vn/vdsc-du-kien-huy-dong-tiep-1000-ty-dong-qua-trai-phieu-de-co-cau-no-d400585.html