Vietnamese firms raise $10bln through bonds issuance in eight months

Xuan Thinh Tuesday | 09/15/2020 16:39

Masan Group will issue the bonds in four stages in 2020. Photo:

In the first eight months of this year, enterprises in Vietnam raised VND237,729 billion ($10 billion) from issuing corporate bonds, according to data from Hanoi Stock Exchange.

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.

► Sovico Holdings issues bonds worth nearly $559mln in the first 8 months of 2020

► Masan to issue VND8 trillion of redeemable bonds in H2

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