Wednesday, March 29, 2023 12:40:49 AM - Markets open
VN-INDEX 1,054.29 +2.04/+0.19%
HNX-INDEX 205.76 -0.91/-0.44%
UPCOM-INDEX 75.58 -0.10/-0.13%
Real estate companies issue no bonds in April
Vietnam News - 5/11/2022 4:27:34 PM
 (0 ratings. You must sign in to rate.)
 The tightening of capital flows into the real estate sector has caused real estate businesses to halt the issuance of bonds in April.
This is according to data announced by the Việt Nam Bond Market Association (VBMA) in April.
VBMA said that by the end of April 29, the market had 23 private placement tranches of bonds with a value of VNĐ16.47 trillion (US$717.9 million) in the month.
The majority of businesses issuing bonds in April were commercial banks with a value of VNĐ14.94 trillion, accounting for 90.7 per cent of the total issued value. In this group, MBBank was the biggest issuing bank with VNĐ4.6 trillion of 3-year bonds and Sacombank was behind with VNĐ2.5 trillion of 3-year bonds.
The energy, transportation, manufacturing and financial groups also participated in private placement in the past month, but the volume only accounted for less than 10 per of the total issued value.
Notably, according to statistics from VBMA, in April, there were no bond issuances by real estate companies. This was contrast to March when real estate companies were still leading with 46.7 per cent of the total value of bonds issued in the month.
Since 2019, real estate businesses have been regularly in the group of businesses with the highest value of corporate bonds issued monthly, quarterly and annually. However, since the beginning of the year, after the tightening policy of capital inflows into this sector, the value of real estate corporate bonds has dropped sharply.
At the end of 2021 and the beginning of 2022, the Securities Commission has given sanctions in the field of corporate bonds against three enterprises, VsetGroup and Apec Group and VIS Securities Company.
At the beginning of April this year, the management agency announced the cancellation of nine bond issuances, totalling VNĐ10 trillion, of a group of companies under Tân Hoàng Minh Group. Not long after, the Ministry of Public Security also issued a decision to prosecute and detain Đỗ Anh Dũng, Chairman of Tân Hoàng Minh Group, and six related individuals for fraud and appropriation of property.
In January, real estate was still the group with the largest issuance value with VNĐ14.47 trillion, accounting for more than 55.8 per cent of the total issued value in the month.
In February, the issuance value of this group dropped sharply as no issuance was recorded. The figure reached VNĐ1.69 trillion in March. And in April, the market did not record any bond issuance.
However, according to VBMA, in the first four months of this year, real estate enterprises were still the leading group in terms of bond issuance value with VNĐ28.85 trillion, accounting for 37.35 per cent of the total value of bonds issued in the months.
It was followed by the banking group with VNĐ24.39 trillion, accounting for 31.57 per cent of the total issued value. VNS
Read original article here
Newer News
28/03 VN-Index extends its long winning streak
27/03 Shares enter sideways state with low liquidity
24/03 Shares rise on foreign buying
22/03 Shares recover on increased demand
22/03 Vietnamese stock market's publicity and transparency improved
21/03 Silicon Valley Bank collapse not to impact VN: VinaCapital
16/03 Shares rebound after SBV's rate cut
14/03 Domestic investors open less than 100,000 new accounts in the first 2 months
11/03 Shares decline after four days of gains
09/03 Shares climb for third straight session
Older News
04/05 Market likely to extend losses this week
27/04 Shares recoup half of Monday's loss on strong bargain hunting
23/04 Shares make gains on the back of bank, real estate stocks
23/04 Việt Nam’s daily stock trading value ranks second in ASEAN
18/04 Market likely to recover this week on bottom-fishing
13/04 Multiple listed companies announce capital raising plans, drawing investors
12/04 Big ETFs post negative growth in Q1
07/04 VN-Index bounces back on growth of bank stocks
04/04 Market expected to inch higher this week
31/03 Government orders more measures to stabilise stock market
Newsletter Signup
Top Stories
VN-Index extends its long winning streak
Steel price rises despite falling demand
Central bank makes first rate cut since 2020 to support economic growth
Domestic investors open less than 100,000 new accounts in the first 2 months
MSN: Masan secures up to $650m syndicated loan, redeems $126.3m bonds
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,054.29 +2.04/+0.19%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.