Last week, the VN-Index rose 33.1 points to 1,285.32. Trading liquidity on the HoSE exchange increased by over 19% from the previous week, with a total trading value of VND 88,894 billion. The HNX-Index had 5 consecutive gaining sessions and ended the week at 240.07, up 4.92 points from the previous week. Liquidity also increased by more than 17%, reaching VND 6,546 billion.
On the HoSE, foreign investors net sold 69.85 million units, with a net selling value of over VND 751 billion. On the HNX, foreign investors net sold for 5 consecutive sessions, with a total volume of 4.51 million units and a net selling value of nearly VND 255 billion.
In the Upcom market, foreign investors net bought 636,530 units, with a total net buying value of nearly VND 42 billion. Thus, in the trading week from August 19 to 23, foreign investors net sold 73.73 million units on the entire market, with a total net selling value of nearly VND 965 billion.
Issuing trillions
Becamex IDC, the leading industrial and urban infrastructure developer in Vietnam, has successfully issued VND 300 billion of bonds with the code BCMH2427004 and a 3-year term, maturing on August 14, 2027.
Becamex IDC has raised approximately VND 1,300 billion through bond issuances in the past two months.
Previously, on June 17, Becamex IDC successfully issued VND 800 billion of bonds with the code BCMH2427001 and a 3-year term, maturing on June 17, 2027, with an interest rate of 10.5%/year. On August 8, the company issued VND 200 billion of bonds with the code BCMH2427002 and a 3-year term, maturing on August 8, 2027.
Thus, within just 2 months, Becamex IDC has raised approximately VND 1,300 billion through bond issuances with a 3-year term, all maturing in 2027. As of June 30, the company’s short-term and long-term debt increased by 7.9% from the beginning of the year to nearly VND 21,274 billion.
Kinh Bac City Development Holding Corporation (KBC) has approved the plan to issue bonds with the code KBCH2426001 and a face value of VND 1,000 billion. These are non-convertible bonds without warrants, with collateral and not subordinated debt.
Accordingly, the bonds are expected to have a 2-year term and will be issued in the third quarter of 2024 with a fixed interest rate of 10.5%/year, paid semi-annually. The proceeds will be used to restructure the debts of Kinh Bac and its subsidiaries. At the end of the second quarter of this year, KBC’s total short-term and long-term debt increased by nearly 34% from the beginning of the year to VND 4,900 billion.
A report by MBS showed that from August 1 to 20, the total value of corporate bonds issued successfully exceeded VND 32,000 billion, down 8% over the same period, with most of the issuances coming from banks (accounting for more than 90%).
Notable issuances include: Agribank successfully issuing VND 10,000 billion with a term of 120 months and an interest rate of 6.7%/year; OCB issuing VND 5,000 billion with a term of 24-36 months and an interest rate of 5.6%/year; and MBBank issuing VND 4,000 billion with a term of 36 months and an interest rate of 5.5%/year.
Kinh Bac City Development Holding Corporation plans to issue bonds with the code KBCH2426001 and a face value of VND 1,000 billion.
Cumulatively, from the beginning of the year to now, the total value of corporate bonds issued has exceeded VND 220,800 billion, up 50.4% over the same period. The average weighted interest rate of corporate bonds in the first 8 months of the year is estimated at 7%/year, lower than the 2023 average of 8.3%/year.
MBS forecasts that the corporate bond issuance activities will become more vibrant in the fourth quarter, as businesses’ capital demands recover amid a warming real estate market and expanding production and business activities in line with the economic recovery.
Continuing to offer shares
On September 10, PAP will finalize the list of shareholders to get their opinions on changing the capital usage plan, with the opinion collection period from September 13 to 23.
Specifically, the content of the opinion is to change the capital usage plan of the capital increase from VND 2,000 billion to VND 2,320 billion, but the details have not been announced.
Previously, at the end of the private placement on July 23, Port of Phuoc An had issued 32 million out of the registered 38 million shares, equivalent to a successful offering rate of 84.2% of the total offered shares, at a price of VND 12,000/share, raising VND 384 billion. After this issuance, Port of Phuoc An’s charter capital increased from VND 2,000 billion to VND 2,320 billion.
SAM Holdings has approved unconditional and irrevocable guarantee for all debt obligations (principal, interest, fees) of its subsidiary, Sacom Cable Company, at Vietcombank – Ho Chi Minh City Branch, with a limit of VND 400 billion.
As of June 30, SAM Holdings owned 99.92% of Sacom Cable Company, which operates in the field of manufacturing, trading, etc.
Binh Duong Business and Development Company proposes to offer 35 million shares in a private placement.
Binh Duong Business and Development Company (TDC) announced the document to get shareholders’ opinions in writing, with the opinion collection period from August 30 to September 10. The record date for shareholders to get opinions is August 26.
Firstly, TDC proposes to offer 35 million shares in a private placement, with the offering price to be decided by the Board of Directors but not lower than VND 10,000/share. The plan is expected to be implemented in 2024, after obtaining approval from the State Securities Commission.
Regarding the use of proceeds, TDC expects to raise VND 350 billion to repurchase a part of the TDC.BOND.700.2020 bond before maturity. The expected disbursement time is in the first quarter of 2025.
The TDC.BOND.700.2020 bond was issued on November 9, 2020, and will mature on November 15, 2025, with a face value of VND 700 billion. This bond is
secured
. The purpose of the capital raising was to pay dividends and late dividends to the parent company, Becamex IDC, and to repay debts and interest to banks.
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LandX Services reports a loss of 160 billion VND in 2023, cuts over 1,000 staff
In 2023, Dat Xanh Services incurred a net loss of 160 billion VND primarily due to a shortfall in real estate service revenue. Additionally, the company downsized its workforce by over 1,000 employees in the past year.
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