Vietnamese firms raise $10bln through bonds issuance in eight months
Masan Group will issue the bonds in four stages in 2020. Photo: vir.com.vn
In August alone, local firms raised VND38,399 billion ($1.65 billion) through bond channel. The average bond maturity is 3.97 years.
Most of the money was injected to 3-year bonds, with VND22,590 billion ($973 million), while 5-year bonds attracted VND5,150 billion ($222 million) and 2-year and 10-year tenors received VND3,220 billion ($139 million) and VND3,080 billion ($133 million) respectively.
Real estate firms were the biggest bond issuers mobilizing VND11,670 billion ($503 million), equivalent to 30% of the total value of the issue. Credit institutions ranked second with VND10,038 billion ($433 million), equivalent to 26%.
Sovico Group is among the biggest bond issuers, mobilizing VND5 trillion ($215.4 million), while Vietnamese conglomerate Masan Group issued VND4,085 billion ($176 million) in the month.
Vietnam Prosperity Commercial Joint Stock Bank, known as VPBank, and LienVietPostBank raised VND2,500 billion ($107.5 million) each.