For the first six months of 2019, VCSC ranked third with 9.71 percent market share of stock and fund certificates. (Photo: baomoi.com) Hanoi (VNS/VNA) - Viet Capital Securities Joint Stock Company (VCSC)has announced the results of its bond issuance.
Accordingly, Vietjet Aviation Joint Stock Company and food and beverage MasanGroup spent nearly 400 billion VND (17.17 million USD) to own VCSC'snon-convertible bonds in the recent issuance of bonds worth 500 billion VND.
Specifically, Vietjet bought 70 percent of the bonds for 350 billion VND. Masanspent 37 billion VND owning 7 percent of issued bonds of Viet CapitalSecurities.
In addition, domestic investors purchased VCSC’s bonds worth 103 billion VND,equivalent to 21 percent and foreign investors bought the remaining 10 billionVND, equivalent to 2 percent.
All of 50,000 VCSC’s bonds (par value of 10 million VND per bond) areregistered, non-convertible, two-year bonds with nominal interest rates andactual issuing interest rates in the range of 6-8.2 percent per year.
In the second quarter of 2019, VCSC ranked third with 9.37 percent market sharein the top 10 securities companies with the largest brokerage market share onthe Ho Chi Minh Stock Exchange (HoSE).
Generally, for the first six months of 2019, VCSC ranked third with 9.71percent market share of stock and fund certificates.
This year, VCSC targets revenue of 1.65 trillion VND and net profit of 680billion VND, a year-on-year decrease of 17 percent.
However, at the end of the first quarter of 2019, VCSC's revenue decreased by35 percent over the same period to reach 371.48 billion VND and after-taxprofit decreased by 39 percent over the same period to 202.5 billion VND. – VNS/VNA
VNA
