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Over VND26 trillion in corporate bonds issued in March

By N.Tan

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HCMC – The corporate bond market showed signs of recovery in March, with 11 rounds of bond issues worth a total of VND26,425 billion launched, according to the Vietnam Bond Market Association (VBMA).

This is a significant increase compared to previous months. January saw only one batch of corporate bonds issued worth VND110 billion, while only two batches were issued in February with a total value of VND2,000 billion.

Enterprises redeemed almost VND14,300 billion worth of corporate bonds prior to maturity, skyrocketing 137% month-on-month and 64% year-on-year.

Of the total, the construction sector accounted for 35%, at around VND5,000 billion, while the consumer goods sector made up 24% with a value of VND3,400 billion.

Between January and March, the total value of bonds redeemed by companies reached over VND29,860 billion, a 63% increase against the same period in 2022.

The value of corporate bonds that fell due in March is VND14,540 billion, according to the VBMA. Among them, the real estate and banking sectors recorded the highest value of bonds due, at VND4,500 billion and VND5,300 billion, respectively.

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