HCMC – Saigon Hanoi Commercial Joint Stock Bank (HOSE: SHB) plans to launch a bond issue worth up to VND8 trillion for the public in 2026 to strengthen its capital and support lending.
The bank approved the issuance plan, targeting Tier 2 capital to improve its capital adequacy ratio and fund credit growth.
The non-convertible, unsecured, non-warranted bond will have a seven-year term and a face value of VND100,000, offered at par. The coupon rate will be floating, set as a reference rate plus a fixed margin of 3.3% per year.
The reference rate is based on the average 12-month retail deposit rates at four state-run lenders—BIDV, Vietcombank, VietinBank, and Agribank—calculated at each interest reset date. Interest will be paid every six months, with principal due at maturity. Based on the April 3 reference rate, the expected coupon is about 9.2% per year, according to SHB.
The issuance will be split into three tranches from the second quarter of 2026 to the first quarter of 2027.
Proceeds are planned for several sectors. Real estate is set to receive VND3.2 trillion. Manufacturing is allocated VND1.9 trillion. Transport and warehousing will receive VND1.3 trillion. Construction and wholesale-retail, including auto and motorbike repair, are each allocated VND800 billion.
Separately, the State Bank of Vietnam has approved SHB’s plan to raise its charter capital by VND7.5 trillion to VND53.4 trillion through a share issue.
In 2025, SHB reported consolidated pre-tax profit of VND15.02 trillion, up 29.8% from 2024. Return on equity rose to 19% from 17.2%. The non-performing loan ratio fell to 2.0% from 2.4%, while the capital adequacy ratio increased to 12.6% from 11.8%.
Closing the trading session today, April 20, SHB stayed at its reference price of VND15,300, with nearly 47.4 million shares matched.
The VN-Index rose 19.94 points, or 1.1%, to close at 1,837.11 points, led by gains in Vingroup-related stocks.
On the Hochiminh Stock Exchange, 154 stocks advanced and 147 declined. Trading volume reached more than 690 million shares, with a value of VND21.7 trillion, both down over 7% from the previous session. Block deals accounted for 108.7 million shares worth VND3.66 trillion.
The VN30-Index gained 20.93 points to 2,009.04 points, with 19 advancers and seven decliners. Vingroup-linked stocks led the market. VHM hit its ceiling price. VPL and VRE rose about 3%. VIC reversed losses to gain 1.6%, closing at VND191,000 per share.
DGC posted the sharpest drop among blue chips, down 2.6%. GVR fell 1.5%, VJC lost 1.4%, PLX declined 1.3%, and GAS dropped 1.1%.
GEE closed at its ceiling price of VND192,000 per share. GEX rose 5% to VND40,950, with trading volume of 11.2 million shares. PGD, DQC, MCM and TNT also reached their upper limits.
Securities stocks rose slightly. HCM inched up 3.5% to VND27,950, with more than 25 million shares traded. VIX fell 0.6% with 42.4 million shares changing hands, while SSI rose 1.4% with volume of 23.6 million shares.
Steel stocks also advanced. HSG rose 1.25% and NKG added nearly 0.5%. HPG climbed 1.6% to VND28,450, with trading volume of 26.44 million shares and net foreign buying of nearly 1.8 million shares.
Energy stocks declined. BSR fell 2.1% to VND26,150, with 7.9 million shares traded. PVD dropped 1.35% and PVT lost nearly 1%.
On the Hanoi Stock Exchange, the HNX-Index fell 2.67 points, or 1.03%, to 257.33 points. The northern bourse recorded 59 winners and 69 losers, with trading volume of 47.6 million shares valued at VND845 billion.
