The value of corporate bonds issued in April this year fell sharply, equal to only one-tenth of March.

According to information from the Viet Nam Bond Market Association (VBMA), in April 2023, there was one tranche of private placement of corporate bonds and one tranche of public issuance, with a total issuance value of VND2.67 trillion (US$113.7 milion), equal to only 10 per cent of the total issuance volume in March.

From the beginning of this year to May 5, the total issuance volume of corporate bonds reached nearly VND31.7 trillion, of which there were seven tranches of public issuance worth VND5.5 trillion, accounting for 1 per cent of issuance volume, and 15 tranches of private placements with a value of VND26.14 trillion, accounting for 83 per cent of the issuance volume.

VBMA said that the total value of corporate bonds bought back before maturity reached nearly VND49.5 trillion since the beginning of this year, up 48 per cent over the same period in 2022.

As of May 5, the total value of corporate bonds due in May 2023 was more than VND21.4 trillion. Value of bonds due in May of the real estate sector reaches VND9.6 trillion, consumer goods VND3.7 trillion, raw materials VND2.9 trillion, banking VND2.5 trillion.

Also in the general report of VBMA, there were eight companies that were late in paying principals and interests of corporate bonds with a total late payment announced at VND1.2 trillion. Six companies announced restructuring plans, mainly to extend the corporate bond term by from three months to 24 months. — VNS