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Sunday, June 16, 2024

VND38 trillion of corporate bonds to fall due this quarter

The Saigon Times

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HCMC – Around VND38 trillion worth of corporate bonds will fall between now and the end of the first quarter, according to a report released on February 29 by MB Securities JSC.

Bond redemption will increase in the following quarters, with VND74 trillion in the second quarter and VND52 trillion in the third quarter.

Throughout the year, the total value of corporate bonds reaching maturity is estimated at around VND200 trillion, a 4% increase over the previous year.

Concerns have been raised about VND194 trillion worth of bonds facing payment delays, constituting nearly 19% of the total market debt. Among these, the real estate sector makes up the largest share at 70%.

In the first two months of the year, corporate bond issues amounted to VND9.4 trillion, tripling the figure recorded in the same period last year. The average coupon rate in this period stood at 11.1%.

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