Viet Capital Securities Joint Stock Company (VCSC) has announced the results of its bond issuance.
As the State Bank of Vietnam (SBV) has ordered tight control over real estate loans by credit institutions, property firms and developers have to seek alternative ways to raise their capital, and many of them have decided to issue bonds to fund their business.
VOV.VN - Commercial banks have sought to raise capital via bond issuance as their tier one capital mobilization has run into difficulties.
The Asian Commercial Joint Stock Bank (ACB) has announced a plan to issue VND2.2 trillion (US$94.4 million) worth of non-convertible bonds by the end of 2018.
Just within three months, the Ministry of Finance (MOF) has announced a series of plans to borrow money for the state budget totaling US$5.3 billion.
The finance market has heated up with a series of large bond issuance campaigns launched by major companies.
The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) successfully sold out its international bonds worth US$250 million on the Singapore Exchange (SXG) on May 18.