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Tuesday, June 25, 2024

VND258 trillion of corporate bonds to fall due by year-end

By Nguyen Tan

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HCMC – The Vietnam Bond Market Association (VBMA) has reported that more than VND258.2 trillion of corporate bonds will fall due between February 23 and the end of the year.

The real estate sector takes the lead in terms of the value of the bonds that will reach maturity, at VND99,234 billion, which accounts for 38% of the total. The banking sector follows, at nearly VND54,496 billion, making up 21% of the total.

Data from the Hanoi Stock Exchange (HNX) showed a series of bond batches worth billions of Vietnamese dong that will become due this year. Some of these bonds are of high value and were issued by newly-established or unlisted real estate companies.

Of note, a bond batch worth VND6,574 billion issued by SDI Corp will fall due on December 15, 2024, the highest value this year. Golden Hill and Nam An will have to redeem two bond batches, worth VND5,760 billion and VND4,700 billion, respectively.

According to the VBMA, businesses redeemed VND1,595 billion worth of bonds in February alone. So far this year, the total value of corporate bonds bought back before maturity has amounted to VND9,130 billion, down by 43% versus last year.

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