VNSC by Finhay completed the distribution of 300 billion VND of DNSE Securities bonds

Vina Securities Joint Stock Company (VNSC) through the VNSC by Finhay platform has completed the distribution of bonds of DNSE Securities Joint Stock Company (DNSE) with a total value of VND 300 billion.

VNSC by Finhay completed the distribution of 300 billion VND of DNSE Securities bonds

Vina Securities Joint Stock Company (VNSC) through the VNSC by Finhay platform has completed the distribution of bonds of DNSE Securities Joint Stock Company (DNSE) with a total value of VND 300 billion.

VNSC is the official distributor of DNSE bonds through the accumulation and investment platform VNSC by Finhay

Vina Securities Joint Stock Company (VNSC) announced that it has completed the distribution of bonds of DNSE Securities Joint Stock Company (DNSE) with a total value of VND300 billion. This is a non-convertible corporate bond lot, with a term of 24 months, without warrants and without collateral. Each bond issued has a face value of VND100,000. Investors need to buy at least 10 bonds equivalent to VND1 million based on the face value of the bond.

Vina Securities Joint Stock Company (VNSC), a member company of Finhay, is the official channel for distributing bonds of DNSE Securities Joint Stock Company (DNSE) with bond code DSEH2426001, with a total issuance value of 300 billion VND. The total offering value of DNSE Securities Joint Stock Company's bonds at par value is 300 billion VND. This is a non-convertible corporate bond lot, without warrants and without collateral. Each bond issued has a par value of 100,000 VND. Investors need to buy at least 10 bonds equivalent to 1 million VND calculated at the par value of the bond. The bond has a term of 24 months, paying interest every 6 months.

The bonds have a combined fixed and floating interest rate. The first two interest periods have a fixed interest rate of 8.5%/year. For the following interest periods, the interest rate is calculated by the average interest rate of 12-month personal deposits at Vietcombank, BIDV, Vietinbank, Agribank + a margin of 3.5%/year. This is the first time DNSE has issued bonds to the public, after many previous private bond issuances.

The capital raised from the issuance is used to supplement capital for securities advance payment services and margin trading as well as to increase capital for securities trading and investment in valuable papers.

According to a representative from VNSC, after 2 weeks of launching the sale, the company has received a lot of attention from investors. Of which, the number of individual customers accounts for 94%. This shows that the attention of individual investors is shifting to corporate bond products through the support of distribution channels.

Individual investors accounted for the majority in DNSE's initial bond offering.

VNSC is the official distributor of DNSE bonds through the VNSC by Finhay accumulation and investment platform. According to the representative of this distributor, users of VNSC by Finhay are supported with quick and convenient procedures thanks to technology. Investors only need to perform a few simple steps to register to buy early-sale bonds right on the application without having to go directly to the issuer's point of purchase.

According to VIS Rating, in 2024, the number of bonds issued to the public will increase by 30% compared to 2023, reaching 46 trillion VND. Of which, only 8.9% of the total new bond issuance will come from public issuances. The successful offering of DNSE bonds is a favorable start and a positive signal for the market.

Recently, on December 19, 2024, DNSE Securities made an interim dividend payment for 2024 in cash at a rate of 5%, or VND 500/share. With 330 million shares in circulation, it is estimated that DNSE needs to spend VND 165 billion to make interim dividends to shareholders. Previously, the Company's 2024 Annual General Meeting of Shareholders held in April 2024 approved a plan to pay a maximum dividend of 10% in cash (VND 1,000/share). This dividend rate is higher than the rate of 5% in 2023 and 2% in 2022.

Source: https://baodautu.vn/vnsc-by-finhay-hoan-tat-phan-phoi-300-ty-dong-trai-phieu-chung-khoan-dnse-d241183.html