The Hanoi Stock Exchange (HNX) had just released a summary report on corporate bond issuance on HNX in October.
Accordingly, the total value of corporate bonds registered to issue in October was 32.312 trillion dong, slightly down from September 2019, slightly higher than August 2019. Successful issuance volume reached 16.947 trillion dong, about 2.5 trillion dong lower than in September.
In 10 months, the value of bonds registered to issue was nearly 311.551 trillion dong, successfully released nearly 202.215 trillion dong, achieving a success rate of 65%.
In October, successfully issued bonds were mainly in two-year to three-year terms. Interest rates ranged from 6.5 percent to 20%. The average cost of capital mobilisation reached 10.69 percent per year, while that in September was only 7.41%. The interest rate was six percent to11 percent per year.
The interest rate area of five-year term bonds was the highest from 8.5 percent to 20 percent per year, thereby bringing this group to the average cost of capital mobilisation to 17.38 percent per year; followed by the one-year bond interest area 10.5 percent to 11.5 percent per year, through which the issuance cost was up to 10.95 percent per year.
By industry group, in October, real estate industry attracted 4.864 trillion dong bonds with an average interest rate of 10.5 percent for a three-year term, 2.43 percent per year higher than September. The banking industry followed with 3.481 trillion dong, with an average mobilisation cost of 7.23 percent per annum, for two-year to three-year terms. Other industries attracted more than 8.451 trillion dong, the average cost of mobilisation was 12.27 percent per year.
Some organisations mobilised large amounts of bonds, such as Vinametric Limited Liability Company at about 3.705 trillion dong; Shinhan Finance Vietnam at 1.4 trillion dong; TNR Holdings at about 1.1 trillion dong, Hong Hoang Commercial Investment Joint-Stock Corporation at 1.402 trillion dong.
