How will corporate bonds mature in the last two months of this year?According to Investing.com

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©Reuters

According to Lanya

Investing.com – The October bond market report released by the Vietnam Bond Market Association predicts that approximately VND41,009 billion in corporate bonds will mature in the last two months of this year.

Among them, there are 16 bond codes with delayed payment of interest and principal, with a total value of approximately VND1,006 billion, and 47 bond codes with interest rate extension/change.

The VBMA also said that according to data compiled by the Hanoi Stock Exchange (HNX) and the State Securities Commission (SSC), there were 18 separate issuances of corporate bonds in October alone, with a total value of VND20,826 billion.

October Joint Stock Company Wen Holmes (Stock code: HM:) is the largest issuing unit, divided into 3 phases, with a total value of 5 trillion VND, a term of 1.5-2 years, and an interest rate of 12%/year.

Source: VBMA

Vietnam International Commercial Joint Stock Bank (HM:) issued a total of 2 times with a total value of 4.5 trillion VND, a term of 3 years, and an interest rate of 5.8-6%/year.

In addition, Asia Commercial Joint Stock Bank (HM:) also issued 3 issues with a total value of 3.9 trillion VND, with a term of 2-3 years and an interest rate of 6-6.5%/year.

From the beginning of the year to October 31, the total amount of corporate bonds issued reached 20.915 million VND. Among them, there were 25 public issuances with an issuance amount of VND23,768 billion (accounting for 11.4% of the total issuance); and 171 private placements, with an issuance amount of VND185,382 billion (accounting for 88.6% of the total issuance).

According to VBMA data, the banking sector still dominates with VND99,023 billion (47.3% of the total), followed by real estate groups with VND68,256 billion or 32.6%.

In terms of repurchase amount, the amount of corporate repurchase in October was VND13,645 billion, a decrease of 17.4% compared with the same period in 2022.

Source: VBMA, unit: VND billion

According to VBMA, two banks, BIDV and HDBank, are expected to issue 2 bonds.

The board of directors of Vietnam Investment and Development Joint Stock Commercial Bank (HM:) has approved the fourth quarter private placement plan, with a total issuance of up to VND5.5 trillion to increase secondary capital. BIDV was approved on the understanding that this is a non-convertible bond, with no warrants and with collateral. The applicable interest rate for each issuance (up to 5 tranches) is determined by the BIDV, with a term of 1-5 years.

Urban Development Joint Stock Commercial Bank. Ho Chi Minh City also approved the second batch of private bond issuance plans, with a total issuance of up to 8 trillion VND. Specific terms such as bond term and interest rate will be determined at the time of issuance.

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