While real estate bond issuance value has recovered year-on-year, its proportion of total issuances has ped sharply - from nearly 55 per cent in the first half of 2023 to just 25 per cent in the first half of 2023.
Novaland, the second largest property firm in Việt Nam, has proposed utilising properties from a luxury development in downtown HCM City to pay off the principal and interest on three bond lots.
Analyst''s Pick: In order to ensure benefits of bondholders, they should be provided with sufficient information of legality of the assets used for bond swap.
The volume of mature bonds of businesses will peak in the period of 2023 - 2024 and bond issuers are taking different actions to proactively remove difficulties.
Prime Minister Nguyen Xuan Phuc recently approved a plan under which the
Government will borrow VND452 trillion (US$20.1 billion) this year to
offset its fiscal deficit and pay existing debts.
