Becamex (HoSE: BCM) has just announced the results of its private placement of BCMH2427003 bonds to the Hanoi Stock Exchange (HNX) and Ho Chi Minh City Stock Exchange (HoSE).
The company has successfully issued 5,000 BCMH2427003 bonds in the domestic market, each with a face value of VND 100 million, totaling VND 500 billion. The bonds have a 3-year maturity and a 6-month interest period.
The issuance of the BCMH2427003 bonds took place on August 14, 2024, and was completed on August 22, 2024, with a maturity date of August 14, 2027. The bonds are secured by land-use rights for urban residential purposes, specifically for Lot 12 (K10), Sheet 48, Ward Hoa Phu, Thu Dau Mot City, Binh Duong Province, as per Land Use Right Certificate number BO 579961, issued by the Binh Duong Provincial People’s Committee on August 29, 2014. The land area measures 23,995.0 square meters and is owned by Becamex.
In terms of interest rates, the first interest payment period will be at a rate of 10.2% per annum, and subsequent periods will be based on the Reference Rate plus a margin of 4% per annum, but not less than 9.8% per annum.
According to data from HNX, Becamex had previously completed the issuance of three bond batches, including BCMH2427001 worth VND 800 billion, BCMH2427002 worth VND 200 billion, and BCMH2427004 worth VND 300 billion.
Thus, since the beginning of the year, Becamex has issued and completed the issuance of four bond batches, totaling VND 1,800 billion. Additionally, if we include the BCMH2328003 bonds issued on December 29, 2023, and completed on January 24, 2024, with a value of VND 1,300 billion and a 5-year maturity, the total bond proceeds raised by Becamex since the beginning of the new year amount to VND 3,100 billion.
In terms of business plans, Becamex aims to achieve a total revenue of VND 9,000 billion and a profit after tax of VND 2,350 billion in 2024, representing a 2% and 3% increase, respectively, compared to the results of 2023. The company also plans to pay a 10% dividend for 2024.
For the first six months of 2024, Becamex recorded a revenue of over VND 1,973 billion, a 4.7% increase compared to the same period last year. Profit after tax increased by over 10.5 times compared to the previous year, reaching VND 513.3 billion. These figures represent 21.9% and 21.8% of the company’s annual plan, respectively.
In the stock market, BCM shares closed at VND 72,000 per share on August 30, a 0.7% increase, with a matched volume of over 408,000 units.
