VNDirect Securities Corporation (code VND) has just announced a public bond offering in 2025.
Accordingly, this securities company plans to issue two non-convertible bonds, without warrants, not secured by assets and establishing the direct debt obligation of the issuer.
Of which, VNDL2527001 bonds have a term of 2 years and VNDL2528002 have a term of 3 years, each code issues 10 million bonds with an issuance value of 1,000 billion VND. Thus, the total value of VNDirect's public bond issuance this time is 2,000 billion VND.
Time to register to buy and receive money to buy bonds from November 21 to December 12.
The entire proceeds from this offering are expected to be used to increase capital for margin lending activities and to increase capital for investment in valuable papers on the market. The expected allocation ratio is 60% - 40%, equivalent to VND 1,200 billion spent on margin lending activities.
According to VNDirect's prospectus, as of September 30, 2025, the company has issued a total of 9 outstanding bond codes with a total issuance value of VND 2,500 billion, currently only 1 code has not yet matured, maturing in August 2026 with a value of VND 250 billion.
In addition to the public bond offering, VNDirect has recently approved an amendment to the private share offering plan with a total expected offering quantity of 106.56 million shares. The implementation time is in 2025 and/or 2026 after approval from the State Securities Commission. The offering price has not been determined.
After the above private offering, VNDirect plans to issue an additional 325.7 million shares to the public for existing shareholders with an exercise ratio of 5:1.
In both of the above offerings, the proceeds from this offering are also expected to be used 60% to supplement securities margin lending activities and 40% will be invested in valuable papers, deposit certificates, and deposit contracts in the market.
As of the end of the third quarter, VNDirect 's total assets were at VND56,060 billion, of which the strongest increase was in investments held to maturity (HTM), increasing from VND5,560 billion at the beginning of the year to VND10,485 billion at the end of the third quarter.
In addition, VNDirect 's outstanding loans also increased by 43% to VND14,843 billion, of which margin loans were at VND14,448 billion.
The company maintained the value of investments in financial assets recorded through FVTPL profits and losses at over VND24,600 billion, of which the majority was invested in bonds, the fair value at the end of the third quarter accounted for VND14,428 billion, or nearly 59% of VNDirect 's proprietary trading portfolio. In addition, the company also put over VND7,905 billion into certificates of deposit.
Source: https://baodautu.vn/vndirect-phat-hanh-2000-ty-dong-trai-phieu-phan-lon-dau-tu-cho-vay-margin-d439278.html
Comment (0)