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Hoa Binh Group plans VND500 billion bond issue

The Saigon Times

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HCMC – Hoa Binh Construction Group JSC (HBC) is planning to issue 500 bonds at a face value of VND1 billion each to mobilize funds for its business expansion.

The firm will issue the inconvertible secured debt without warrants. The coupon of the three-year bond will be paid every three months from the issuing date, the local media reported.

In another development, Saigon-Hanoi Securities JSC (SHS) has approved a plan to issue 325.3 million shares to its shareholders at VND12,000 per share. After the issuance, SHS’s charter capital will rise to VND6.505 trillion.

Closing the final trading session of the old lunar year today, January 28, the VN-Index of the Hochiminh Stock Exchange gained 8.2 points, or 0.56%, from the session earlier, at 1,478.96, with the number of winners outnumbering that of losers by 307 to 129. Trade volume and value improved 23.7% and 21.9%, respectively, against the day earlier, at 698.9 million shares and VND20.4 trillion.

Bank stocks were major drivers of the main index, with TPB seeing the sharpest rise in the VN30 basket at 4.4%.

On the Hanoi Stock Exchange, the HNX-Index advanced 1.33%, or 5.46 points, against the previous session, at 416.73. Over 67.6 million shares worth VND1.8 trillion changed hands, up 30.9% in volume and 10.5% in value from the session earlier.

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