Banking is the industry that issues the most bonds in the first 9 months of 2023

According to data compiled by the Vietnam Bond Market Association (VBMA) from HNX and SSC, as of the information announcement date of September 29, 2023, there were 14 individual corporate bond issuances recorded in September with a total value of VND 13,865 billion. The issuances had an average interest rate of 9.1%/year, with terms ranging from 1.5 to 8 years.

Accumulated from the beginning of the year until now, in the market, the total value of corporate bond issuance recorded is 160,253 billion VND, including 20 public issuances worth 18,289 billion VND (accounting for 11.41% of the total issuance value) and 131 private issuances worth 141,964 billion VND (accounting for 88.59% of the total).

Of which, the banking sector accounts for the majority with VND69,710 billion (accounting for 43.5%) of issued bonds, followed by the real estate group with VND55,607 billion (accounting for 34.7%).

According to VBMA data compiled from HNX, enterprises bought back VND9,249 billion of bonds in September 2023. The total value of bonds bought back by enterprises before maturity accumulated from the beginning of the year to date reached VND177,693 billion (equivalent to an increase of 25.8% over the same period in 2022).

Banking still maintains its position as the leading industry group in terms of repurchase value, accounting for 50.6% of the total pre-term repurchase value (equivalent to VND 89,881 billion).

In the remaining 3 months of 2023, the total value of bonds due to mature according to VBMA statistics is VND 89,061 billion. The structure of maturing bonds includes 33% of the value of bonds about to mature in the Real Estate group with more than VND 29,644 billion, followed by the Banking group with VND 27,161 billion (accounting for 30%).

In the coming time, there are 2 bond lots planned to be issued belonging to Hai An Transport and Stevedoring Joint Stock Company and Khai Hoan Land Group Joint Stock Company.

Specifically, Hai An Unloading will issue a private issue with a total issuance value of 500 billion VND, the expected quantity is 500 bonds. These are convertible bonds, without warrants, with collateral, face value of 1 billion VND/bond with a term of 5 years and a fixed interest rate of 6%/year.

With Khai Hoan Land, the company will issue 840 billion VND in private bonds. These are non-convertible bonds, without warrants, secured by assets with fixed or floating interest rates depending on market conditions .

Source