Sai Gon – Ha Noi Stock Holding Company (ticker: SHS, HNX) has recently approved a public bond issuance plan for 2025.
SHS plans to issue up to 50 million bonds, with a face value of VND 100,000 per bond, aiming to raise VND 5,000 billion. These bonds are non-convertible, unsecured, and do not include warrants.
The issuance will be conducted in two phases. Phase 1 includes 25 million bonds under the code SHS2Y202501, with a maximum issuance value of VND 2,500 billion, scheduled for Q1-Q2/2026.
Phase 2 comprises 25 million bonds under the code SHS2Y202502, with a maximum issuance value of VND 2,500 billion, planned for Q2-Q4/2026.
The bonds have a 2-year term, with interest paid semi-annually. The interest rate combines fixed and floating components. The first two interest periods will apply a floating rate of 7.8% per annum, while subsequent periods will use a floating rate equal to the reference rate plus a 0.3% margin.
The issuer reserves the right to repurchase all or part of the bonds on the 12-month anniversary of the issuance date.
Individual investors must purchase a minimum of 100 bonds, equivalent to VND 10 million. Institutional investors must buy at least 10,000 bonds, worth VND 1 billion. VNDirect Securities Corporation will act as the initial bondholder representative.
The proceeds from this bond issuance will be allocated as follows:
In related news, the Hanoi Stock Exchange (HNX) announced that on October 9, 2025, SHS issued 3,600 bonds under the code SHS12502, with a face value of VND 100 million per bond, raising VND 360 billion. These bonds have a 1-year term and a fixed interest rate of 8% per annum.
This issuance is part of the second private bond issuance plan for 2025, with a maximum face value of VND 1,800 billion.
SHS will issue non-convertible, unsecured bonds without warrants. The plan includes up to 5 issuance phases, all scheduled for Q4/2025, with each phase offering between 300 and 500 bonds.
The bonds have a 1-year term, a maximum fixed interest rate of 8% per annum, and semi-annual interest payments. The purpose of this issuance is to restructure the issuer’s debt.
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