Vinhomes has just successfully issued VND 3.000 billion in bonds, 36-month term, 12% annual interest rate.
This information has just been reported by Vinhomes Joint Stock Company on the Hanoi Stock Exchange. This batch of Vinhomes bonds was issued on March 25 and will mature after 3 years. The company will pay a fixed interest rate of 3% per year - a level equivalent to 12 Vinhomes lots offered for sale at the end of last year.
A few days ago, this real estate giant announced that it plans to issue multiple bonds with a total value of 10.000 billion VND. According to the plan, the release time is no later than the third quarter of 2024. The term of these bond lots ranges from 24 to 36 months.
By the end of last year, Vinhomes' outstanding bond debt was about 15.300 billion VND, of which more than 4.400 billion VND is due for payment this year. More than 70% of the company's bonds have collateral assets that are land use rights and assets attached to land at Vinhomes projects.
Vinhomes is one of the few real estate businesses to issue bonds from the beginning of the year until now. According to data from the Vietnam Bond Market Association (VBMA), in the first 2 months of the year, issuance value is still very low compared to the same period in 2023. Accumulated until the end of February, new businesses issued about 2 billion VND in bonds, of which the real estate group accounts for 5.465%.
In a recent report, KB Securities Vietnam (KBSV) assessed that Vinhomes still maintains its leading position thanks to its large land fund and strong project implementation ability. KBSV estimates that the total value of Vinhomes' sales contracts this year could reach VND 89.000 billion, largely thanks to projects such as Ocean Park 2,3, 2025 and Vu Yen and Wonder Park. Sales in 95.000 can reach XNUMX billion VND.
Anh Tu
