“ACBS Raises $86 Million in Bond Offering to Refinance Debt.”

ACB Securities Joint Stock Company (ACBS) has just announced the results of its private bond offering to the Hanoi Stock Exchange.

Accordingly, ACBS issued 200 bonds with the code ASS12501 (VSDC will officially assign the code after ACBS completes the registration dossier at VSDC). With a par value of VND 1 billion/bond, the company raised VND 200 billion.

These are non-convertible bonds, without warrants and without collateral. The bond issuance date is August 18, with a term of 2 years. The fixed interest rate is 6.5%/year, interest payment every 6 months, and there is no buyback or exchange clause.

In Resolution No. 58/NQ-HĐTV-ACBS.25, the company stated that it would use the VND 200 billion raised from the bond issuance to restructure 2 loans at Eximbank – Branch of District 1. The two loans will mature in August-September 2025.

As of the end of the second quarter of 2025, ACBS had no bond debt while financial borrowings stood at VND 19,983 billion, an increase of over VND 3,500 billion from the beginning of the year, all of which were bank loans.

In terms of business activities, ACBS recorded operating revenue of VND 1,003 billion in the second quarter of 2025, up 65% over the same period last year.

Most business segments recorded growth. Proprietary trading contributed the most with VND 439 billion, up 92%; interest from HTM investments increased by 88% to over VND 210 billion; lending revenue also increased by 61% to nearly VND 249 billion.

As revenue grew, operating expenses also increased by 71% to VND 722 billion. This was mainly due to a 135% surge in loan loss provisions to nearly VND 213 billion.

As a result, ACBS recorded a 59% increase in pre-tax profit to VND 228 billion and a 61% increase in after-tax profit to nearly VND 188 billion over the same period.

In the first 6 months of the year, ACBS recorded operating revenue of VND 1,756 billion, up 43% over the same period last year, mainly driven by proprietary trading and lending.

This resulted in a pre-tax profit of nearly VND 410 billion and an after-tax profit of over VND 334 billion, up 1% and 2%, respectively, compared to the previous year.

In 2025, ACBS targets to achieve a pre-tax profit of over VND 1,350 billion. With this result, the company has achieved more than 30% of its plan.

As of June 30, 2025, ACBS’s total assets increased by VND 7,817 billion from the beginning of the year, reaching a new milestone of over VND 33,857 billion. Thus, ACBS has exceeded its plan to increase total assets to VND 32,850 billion in 2025.

This increase was mainly due to held-to-maturity investments amounting to VND 15,483 billion, a 35% increase from the beginning of the year, mostly in term deposits with banks.

Loan balances increased by VND 2,818 billion in the first 6 months, reaching nearly VND 11,508 billion, mostly in margin lending.

The financial assets at FVTPL had a book value of VND 5,013 billion. During the period, an investment in bonds of VND 2,571 billion was made, while none was recorded at the beginning of the year. Compared to the end of the first quarter of 2025, this investment increased by VND 1,873 billion.

Listed and traded UPCoM stocks had a book value of VND 1,735 billion, down 30% from the beginning of the year, and are currently temporarily loss-making by VND 171 billion. In addition, there are nearly VND 696 billion in base assets for the risk prevention activities of covered warrants.