Hanoi (VNA) – Over 16.91 billion USD has been raised from sales of corporate bonds in the first nine months of this year, according the Vietnam Bond Market Association (VBMA).

Some 350 trillion VND (15.38 billion USD), or 91 percent of the total sales, were mobilised from private placements; while 12 trillion VND worth of corporate bonds were sold at public offerings, accounting for 3 percent of the total. 

The remainder, or 1 billion USD worth of bonds, were sold to the international market. They included 500 million USD worth of bond from Vingroup, 200 million USD worth of green bond from developer BIM Land SJC, and 300 million USD worth of convertible bond from developer Novaland.

The group of commercial banks remained the largest issuer during the period, selling 132.3 trillion VND worth of corporate bonds. It was followed by the real estate developer group which have issued 126.7 trillion VND worth of bonds, about 11 percent of which were unsecured or backed by shares./.