Saigonres Real Estate Corporation (Saigonres, stock code: SGR, listed on HoSE) has recently submitted a report to the Hanoi Stock Exchange regarding the issuance of its private bond series, SGR12501.
The SGR12501 bond series consists of 1,000 bonds, each with a face value of VND 100 million, totaling VND 100 billion in issuance value. The bonds were issued on December 31, 2025, with a 3-year term, and are set to mature on December 31, 2028.
The interest rate for the first four interest periods is fixed at 10.7% per annum, followed by 10.5% for the subsequent four periods, and 10.3% for the final four periods.
According to Resolution No. 17/2025/NQ-HĐQT dated December 26, 2025, these bonds are non-convertible, unsecured, and asset-backed. The collateral includes SGR shares owned by shareholders, pledged under a securities pledge agreement with the pledgee to secure the issuer’s obligations related to the bonds.
Additionally, the collateral comprises land use rights and ownership of the Saigonres Office Building at 63-65 Dien Bien Phu, Ho Chi Minh City, with a total land area of 386 sqm, as well as land use rights, house ownership, and other assets attached to the land of plot No. 176, map sheet 35, in Nhon Trach commune, Dong Nam province, totaling 7,734 sqm.
The entire proceeds from this bond issuance will be allocated by Saigonres for the implementation of the Nam Tien 2 Urban Area Project.
Rendering of the Nam Tien 2 Urban Area Project. Image: SGR
The Nam Tien 2 Urban Area Project was approved by the People’s Committee of Thai Nguyen Province and is located in Van Xuan Ward, Pho Yen City, Thai Nguyen Province. The project is jointly developed by Saigonres, Construction Investment and Development Corporation, and Hung Thinh Incons JSC.
With a preliminary investment capital of VND 3,825 billion, the project spans a land area of 352,861.7 sqm (as per the investment approval decision). The project timeline is scheduled from Q2/2024 to Q3/2029.
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