Hanoi (VNS/VNA) - More than 150 enterprises successfullyissued bonds worth total 179.1 trillion VND (7.7 billion USD) in the first ninemonths of this year, a report on the Hanoi Stock Exchange bond market showed on October 8.
The nine-month value isequal to nearly 80 percent of the total bond issuance value in 2018.
The figure is also lower than the total registered value of nearly 276.9trillion VND (nearly 12 billion USD), which means nearly 98 trillion VND bondswere unsold.
In September, 28 companies made 60 issuances with total capital raised of 19.4trillion VND (excluding international bond issues). Most bonds were three-yearterm with total value of 13.5 trillion VND.
Interest rates of bonds issued in September ranged between 6 percent and 11 percentper annum.
Banks were the main player in the bond market with total issuance value of 14.1trillion VND in September, accounting for 72.78 percent of total market value.Real estate companies followed with 965 billion VND (4.97 percent) andsecurities firm with 413 billion VND (2.13 percent).
Bonds issued by banks also had the lowest interest rate, averaging only 6.71percent per year.
Some companies with big issuance value in September included Techcombank (5trillion VND), Orient Commercial Joint Stock Bank (1.7 trillion VND), AsiaCommercial Bank (1.6 trillion VND), Saigon - Hanoi Bank (1.45 trillion VND),Sovio Holdings (1.1 trillion VND), Ho Chi Minh Development Bank (912 billionVND), Phu My Hung Development Corporation (900 billion VND) and Vietravel (700billion VND).
According to a report by Saigon Securities Inc, instead of focusing ontwo- or three-year term bonds as in previous months, in the last twomonths banks had been stepping up to issue bonds with longer maturity suchas five-year, seven-year and 10-year terms.
Longer-term bond issuers included Vietinbank, Bank for Investment andDevelopment of Vietnam (BIDV) and Southeast Asia Commercial Joint Stock Bank(SeABank).
In September, Vietnam Prosperity Bank (VPBank) was the only enterprise toissue bonds internationally worth 300 million USD./.
