Vietnam raises US$16.91 billion from corporate bonds in nine months: VBMA
Over US$16.91 billion has been raised from sales of corporate bonds in the first nine months of this year, according the Vietnam Bond Market Association (VBMA).
Some VND350 trillion (US$15.38 billion), or 91% of the total sales, were mobilised from private placements; while VND12 trillion worth of corporate bonds were sold at public offerings, accounting for 3% of the total.
The remainder, or US$1 billion worth of bonds, were sold to the international market. They included US$500 million worth of bond from Vingroup, US$200 million worth of green bond from developer BIM Land SJC, and US$300 million worth of convertible bond from developer Novaland.
The group of commercial banks remained the largest issuer during the period, selling VND132.3 trillion worth of corporate bonds. It was followed by the real estate developer group which have issued VND126.7 trillion worth of bonds, about 11% of which were unsecured or backed by shares.