Multi-National Investment and Development Joint Stock Company (HoSE: IDI) has successfully issued the IDIH2432001 bond series with a value of VND 1,000 billion and an 8-year term, according to a disclosure on the Hanoi Stock Exchange (HNX).
Specifically, the IDIH2432001 bond series was issued domestically with a volume of 1,000 bonds, a par value of VND 1 billion per bond, and a corresponding issuance value of VND 1,000 billion.
The bond series was issued and completed on October 31, 2024, making the maturity date October 31, 2032.
This bond series is secured by a payment guarantee from GuarantCo Ltd, a limited liability company incorporated under the laws of Mauritius, with its registered address at 3rd Floor, Alexander House, 35 Cybercity, Ebene 72201, Mauritius. Details of the payment guarantee are stipulated in the Bond Terms and Conditions and the Guarantee Agreement.”
The bond series offers a fixed interest rate of 5.58% per annum, which is a record low in the current corporate bond market for fundraising (excluding banks).
The Vietnam Securities Depository is the custodian organization, and Vietnam Joint Stock Commercial Bank Securities Company (VCBS) is the related unit.
Source: HNX
In terms of business performance, in the third quarter of 2024, IDI recorded an after-tax profit of VND 17.8 billion, a decrease of 23.88% compared to the same period in 2023.
According to the company’s explanation attached to the report, the decrease was due to a 75.24% increase in selling expenses, equivalent to an increase of VND 21.98 billion. This was attributed to higher international shipping freight rates compared to the previous year.
Additionally, financial income decreased by 61.78%, equivalent to a decrease of VND 35.31 billion, due to lower deposit interest rates and the recognition of dividend income from an associated company in the third quarter of 2023.
For the first nine months of the year, IDI recorded an after-tax profit of VND 54.1 billion, a decrease of 20.03% compared to the same period in 2023.
As of September 30, 2024, IDI’s total assets were VND 8,368 billion. Of this, owner’s equity was VND 3,463 billion, payables were VND 4,894 billion, and short-term and long-term loans and finance leases were VND 4,344 billion.
In the stock market, by the end of the morning session on November 7, IDI shares were trading at VND 8,400 per share, down 0.36% from the previous session, with a matched volume of 337,000 units.
Notably, this is the lowest price range for IDI shares in the past year.
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