A recent report of MB Securities Joint Stock Company (MBS) said that the majority of corporate bonds successfully issued in the first 11 months came from real estate and banking businesses.
In November, the majority of successfully issued corporate bonds came from the commercial banks such as Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) and Vietnam International Commercial Joint Stock Bank (VIB).
Specifically, BIDV has mobilised 3.318 trillion dong of six to seven year bonds, with the interest rates for the first period of 8.1-8.2 percent per year, for the subsequent periods, floating at the reference rate of 1.2 1.3 percent per year. VIB issued two trillion dong of two-year bonds, fixed interest rate from 6.75 percent to 6.9 percent per year. VPBank successfully raised 1.75 trillion dong with a three-year term, and fixed interest rates at 6.3-7%.
According to the statistics of MBS, 7 out of 10 enterprises issuing bonds are banks. Bond interest rates for two to three year bonds issued by banks are popular at less than seven percent per year.
VPBank is the bank issuing the most bonds with 13.86 trillion dong, of which $300 million is international bonds. ACB and VIB are the next two banks, with the issuing value of 10.45 trillion dong and 9.85 trillion dong respectively.
