The Board of Directors of Coteccons Construction Joint Stock Company (HOSE: CTD) issued a resolution on December 5, 2025, approving the company’s participation in joint venture contracts for the execution of critical components and packages within the Gia Binh International Airport project.
Gia Binh International Airport is a nationally significant project, located in Gia Binh, Luong Tai, Lam Thao, and Nhan Thang communes, Bac Ninh Province. Spanning nearly 1,885 hectares, the project boasts a total investment of 196.378 trillion VND. It is slated for implementation in two phases: Phase 1 from 2025 to 2030, and Phase 2 from 2031 to 2050.
According to the National Airport System Plan for 2021–2030, with a vision to 2050, Gia Binh International Airport is classified as a 4F-level airport. Its projected capacity is 30 million passengers and 1.6 million tons of cargo annually from 2021 to 2030, scaling up to 50 million passengers and 2.5 million tons of cargo by 2050.
Master plan of Gia Binh International Airport.
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The Coteccons Board also approved adjustments to the 2025 public bond offering prospectus.
As stated by CTD, these adjustments aim to ensure the issuance documents are comprehensive, transparent, and compliant with risk management standards and current legal regulations. This will facilitate a smoother public offering process in the near future.
Previously, Coteccons submitted its bond issuance application to the State Securities Commission (SSC) and is currently refining, adjusting, and supplementing the information as guided by regulatory authorities.
Coteccons plans to issue 14 million bonds with a face value of 100,000 VND each, a 3-year term, and a fixed annual interest rate of 9%. The bonds are non-convertible, unsecured, and without warrants, with equal priority in repayment.
The company will pay interest semi-annually, while the principal will be repaid in full at maturity or upon early redemption. Both Coteccons and investors may redeem the bonds after 12 or 24 months.
Coteccons aims to raise 1.4 trillion VND in bonds to settle debts
– 13:52 07/12/2025
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