According to the data published on HNX, there will be a series of bonds worth trillions of Vietnamese dong maturing in 2024, including many large-value bonds issued by non-listed or newly established real estate companies. (Photo: VNA) According to the latest data compiled by the Vietnam Bond Market Association(VBMA), the Hanoi Stock Exchange (HNX) and the State Securities Commission, asof the information release date of February 23, 2024, the total value ofcorporate bonds due in the remaining part of this year is 258.2 trillion VND (10.5million USD). Among them, 38% of the bond value nearing maturity belongs to thereal estate group, approximately 99.2 trillion VND, followed by the bankinggroup, reaching nearly 54.4 trillion VND and accounting for 21%.
According to the data published on HNX, there will be a series of bonds worthtrillions of Vietnamese dong maturing in 2024, including many large-value bondsissued by non-listed or newly established real estate companies.
One example is the bond series SDICB2124001 of Saigon Investment andDevelopment Corporation (SDI Corp) with a total face value of 6.5 trillion,which will mature on December 15, 2024. This is also the largest maturing bondseries this year.
Another bond series, GHICB2124001, with an issuance value of 5.76 trillion VND issuedby Golden Hill Investment Corporation, will mature on April 15, 2024. The bondseries NAN12301, with an issuance value of 4.7 trillion VND by Nam AnInvestment and Trading Corporation, will mature in September 2024.
The Dai Phu Hoa Joint Stock Company also has a bond series worth 3.56 trillion VNDmaturing in December 2024. Two bond series, HYD22301 and HYD22302, issued by theHung Yen Urban Investment and Development Limited Liability Company, withrespective issuance values of 4.45 trillion VND and 2.75 trillion VND, willmature in March this year.
According to the estimation of VNDIRECT Securities Corporation (VNDIRECT), thepressure of corporate bonds maturing in 2024 remains significant, with a totalvalue of individual corporate bonds maturing in 2024 at around 207 trillion VND,a 3% decrease compared to 2023. Among them, 59.3% belong to real estatecompanies. Additionally, there are still many issuing organisations facingdifficulties in paying off matured bond debts.
In February 2024, there will be approximately 1.8 trillion VND of individualbonds maturing. This is one of the months with the lowest value of individualbonds maturing in the year, but the pressure of maturing bonds will increaseagain from March.
Regarding issuance activities, experts from VNDIRECT observe that GovernmentDecree 08/2023/ND-CP on amendment and cancellation of certain provisions indecrees regulating the issuance and trading of individual corporate bonds inthe domestic market and the issuance of corporate bonds in the internationalmarket, has now expired, and the enforcement of regulations on professionalsecurities investors and mandatory credit ratings is one of the main reasonsfor the sharp decline in private placement activities.
According to VBMA, as of February 23, the total value of corporate bondissuances recorded since the beginning of the year is 5.35 trillion VND, withtwo public issuances totalling 2.65 trillion VND, accounting for 49.5% of thetotal issuance value, and four private issuances totalling 2.7 trillion VND,accounting for 50.5% of the total.
Regarding buyback activities, according to VBMA, businesses have repurchased 1.59trillion VND worth of bonds in February. From the beginning of the year untilnow, the total value of bonds repurchased before maturity reached 9.13 trillionVND, a 43% decrease compared to the same period in 2023. The real estate sectorleads the way, accounting for 59% of the total value of bonds repurchasedbefore maturity (equivalent to approximately 4.47 trillion VND)./.
VNA
