Vinhomes Joint Stock Company (stock code: VHM) has just announced that it has successfully issued bond batch VHMB2427001 with a total par value of VND 3,000 billion.
This batch of bonds from Vinhomes was issued in the domestic market, comprising 30,000 bonds with a face value of 100 million VND per bond, totaling 3,000 billion VND. The bonds have a term of 36 months, commencing on March 25, 2024, and maturing on March 25, 2027. Vinhomes has not disclosed detailed information regarding the interest rate or the purpose of this bond issuance.
Previously, on March 22, 2024, Vinhomes’ Board of Directors announced a plan to raise a total of 10,000 billion VND through bond issuances in the near future.
These bonds of Vinhomes are non-convertible, do not include warrants, and are not backed by collateral. The latest release time for this offering is the third quarter of the current year. The maximum bond term extends from 2 to 3 years from the date of issuance.
“Vinhomes does not disclose detailed information about interest rates, issuance form (public issuance or private placement), or the purpose of upcoming bond batches.
As of the end of 2023, Vinhomes has a bond balance of VND 15,365 billion, with VND 4,421 billion due to be paid in 2024. All Vinhomes bonds are issued by Techcom Securities, a subsidiary of Techcombank, which also provides issuance consulting services. The value of Vinhomes bonds issued increased by 57% in 2023.
The majority of Vinhomes’ bonds (over 70%) as of the end of 2023 are backed by collateral assets, primarily land use rights and assets attached to land at the company’s projects.”
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