Large enterprises borrow tens of thousands of billion dong through bonds

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The Hanoi Stock Exchange (HNX) said in August there were a total of 723 registration times of issuing corporate bonds with a registered value of nearly 127,100 billion dong.

However, by the end of the month, only 37 enterprises successfully issued bonds through 172 times, worth nearly 38,400 billion dong, equivalent to the successful issuance rate of 30%. Also in August, corporate bond tenor issued on average was 3.97 years.

Since the beginning of the year, there have been a total of 2,064 business bond issuance registrations with a total value of VND 435,550 billion. After 8 months, there were 174 successful issuers with a balance of over VND 237,700 billion through 1,354 issuances, the success rate reached 55%.

In August alone, the most issued bonds were 3-year bonds with a balance of 22,590 billion, followed by 5-year bonds with a balance of 5,150 billion.

Also in this month, the group of real estate businesses surpassed credit institutions to become the largest bond issuer in the market with a balance of VND 11,670 billion, accounting for 30.4% of the total issuance value of the whole market. . Credit institutions also issued 10,038 billion dong of bonds in the month, accounting for 26.1%.

In addition, the service business group also successfully issued 6,826 billion bonds (17.8%); production group reached 2,650 billion (6.9%); and securities group reached 1,050 billion (2.7%)

Notably, the HNX’s data shows that the firms that issue the most bonds in August are big ones owned or related to the richest entrepreneurs on the market today.

Specifically, Sovico Group Joint Stock Company of billionaire Nguyen Thi Phuong Thao and Saigon Glory Co., Ltd. (a subsidiary of Bitexco) are the two businesses that mobilize most bonds in August, at the same level of VND 5,000 billion.

Behind is Masan Group Joint Stock Company of 2 businessmen Nguyen Dang Quang and Ho Hung Anh, raising VND 4,085 billion via bond channel.

Last month, VPBank successfully issued VND 2,500 billion via bond channel, the balance was equal to the level mobilized by LienVietPostBank.

In addition, many other large enterprises also increased their debt through bond channels in August such as No Va Real Estate Investment Group Joint Stock Company (Novaland) mobilized 2,220 billion; FE Credit mobilized 1,900 billion; BIDV mobilized 1,867 billion; Phu Long Real Estate Joint Stock Company issued 1,800 billion.

Previously, the HNX’s report also announced the identity of the biggest bond issuers in the first half of this year.

In which, BIDV is the enterprise with the most successful balance of bonds issued in the first half of the year with 15,168 billion dong through 34 issuance phases. Together mobilizing more than 10,000 billion from bonds in the last half year is Vinhomes Joint Stock Company (VHM) with 71 issuance phases, earning a total of 12,000 billion VND.

In addition, a number of large enterprises in the real estate and banking sector such as TNR Holdings Vietnam Real Estate Development and Investment Joint Stock Company with 200 issuance phases raised VND 9,716 billion; HDBank raised 8,500 billion through 10 issues; Sovico Group Joint Stock Company issued 8,000 billion over 69 times; and VPBank collected 7,000 billion after 12 times.

Source: vietnamfinance.vn – Translated by fintel.vn