FiinRatings Monthly Report - February 2023

16 March 2023 - 02:31 PM Alternate Text


In February, the Vietnamese bond market witnessed three successful issuances with a cumulative value of VND 2,000 billion. These issuances included one private placement by Son Kim Real Estate Investment Joint Stock Company and two public offerings by Masan Group Corporation. Son Kim's bond issuance was valued at VND 500 billion, offering a nominal interest rate of 13.5% per annum for a 2-year term, while Masan's two issuances had a combined value of VND 1,500 billion with a fixed interest rate of 9.5% for the first two terms. Notably, all three bond issuances were non-convertible and did not include warrants.

This noteworthy uptick in the market's total value of issuances marks a promising trend, particularly when compared to the previous month's low issuance. Industry experts anticipate that this trend may continue, especially in light of Decree 08/2023/NĐ-CP's recent issuance. The decree aims to address challenges encountered during the peak maturity period of corporate bonds in 2023 and 2024.

You can refer to our FULL Monthly Report - February 2023 HERE

About our Monthly Bonds Report:

A monthly publication series covering up-to-date market data and insights into the Vietnam corporate bond market. We aim to assist market participants, not only including institutional investors, corporate issuers, policymakers, and other stakeholders but also individual investors in their investment operation and decision makings.