Corporate bond issuance drops a tenth in May

Tuesday, Jun 16, 2020 15:20

The Ha Noi Stock Exchange. Banks and property developers remained the biggest bond issuers in May but their values were down by 20 per cent and 51 per cent on a monthly basis, respectively. — Photo

Total value of corporate bond issuance fell 10 per cent month-on-month to VND27.06 trillion (US$1.17 billion) in May, according to the Ha Noi Stock Exchange.

Eighty per cent of the bonds were medium-term with maturities of three to five years.

Banks and property developers remained the biggest issuers but their issuance values declined.

Banks’ corporate bond issuance was down a fifth monthly in May to VND11.5 trillion and real estate firms’ was halved to VND4.75 trillion.

On the other hand, corporate bond issuances in the service and construction sectors rose to VND5.63 trillion and VND2.6 trillion, respectively.

The biggest bond issuers in May included the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) with VND6.3 trillion, the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) with VND3.09 trillion, and property firm Phu Long with VND1.4 trillion.

After the first five months, 100 companies made nearly 580 bond issuances, raising a total of VND91.6 trillion worth of corporate bonds. — VNS

Comments (0)