On October 3, Truong Son Construction Corporation bought back a portion of the TRSCH2126001 bond code ahead of schedule with a buyback value of VND20 billion. This bond lot has a total issuance value of VND300 billion, a term of 5 years, and matures on December 31, 2026. After this buyback, the remaining value is VND94.7 billion.
This is the fourth buyback by the company this year and the 11th buyback of this bond code. According to data from the Hanoi Stock Exchange (HNX), Truong Son Construction currently only circulates the above bond code. After 12 early buybacks, the total value of the bonds bought back is VND235.3 billion.
Since the beginning of the year, Lam Son Construction and Trading Joint Stock Company has continuously bought back the bond code LAMSON.H.20.30.001 before maturity. Although the value of each round is not large, the total of 6 buybacks reaching 15 billion VND has also helped the company gradually reduce debt repayment pressure in the context of the construction market and real estate market still having difficulty recovering.
Currently, Lam Son Construction and Trade only circulates the above bond code with a total issuance value of VND 230 billion. After 14 early buybacks from 2022 to present, the remaining value of the bond lot is VND 153 billion, maturing on August 29, 2030.
For Hoa Binh Construction Group Joint Stock Company, in August and September, the company had 5 early repurchases of half of the bond lots HBCH2225001 and HBCH2225002.
Of which, the bond lot HBCH2225001 has an issuance value of 500 billion VND, a term of 3 years, maturing on January 27, 2025. Hoa Binh has repurchased a total of 339 billion VND of this bond lot before maturity. After 4 repurchases from 2023 to present, the remaining bond lot is 161 billion VND.
The bond lot HBCH2225002 has an issuance value of VND 94.6 billion, a term of 3 years, maturing on October 31, 2025. From 2023 to present, Hoa Binh has had 6 early repurchases, with a total repurchase value of VND 47 billion, the remaining value is VND 47.6 billion.
Hoa Binh is one of the leading companies in the construction industry. However, this company is facing many difficulties due to poor business performance and heavy debt burden. The company has sought many ways to restructure its debt such as liquidating assets; selling capital in subsidiaries and affiliated companies; swapping debt for shares, etc.
Regarding bond debt, recorded on HNX, Hoa Binh is currently circulating three batches of bonds, including: HBCH2126001, HBCH2225001 and HBCH2225002 with a total issuance value of VND 1,094.6 billion.
After the early bond buybacks, the value of Hoa Binh's outstanding bonds is VND584.6 billion. Thus, the company has reduced the bond principal debt by nearly half, thereby reducing the pressure to repay principal and interest when the repayment date of these bonds is approaching.
