In the corporate bond market, capital mobilization activities from this market have been active since the beginning of the year, with the total value of issued bonds increasing sharply. According to Fiin Ratings, the total value of issuance in the first 9 months of the year reached 313,600 billion VND, up 57.9% over the same period last year.
In particular, the group of credit institutions and banks is a bright spot in the market, many banks have mobilized tens of thousands of billions through this channel.
The names leading in bond issuance volume since the beginning of the year include: Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBANK), Orient Commercial Joint Stock Bank (OCB), Asia Commercial Joint Stock Bank (ACB),...
According to data from the Hanoi Stock Exchange (HNX), since the beginning of the year, Techcombank has had 14 public bond issuances, with a total issuance volume of 31,700 billion VND, the highest level in the current corporate bond market.
Notably, this figure was mobilized by Techcombank in just 6 months, with 14 bond lots issued from April 2024 to present. Most of the bond lots have a term of 3 years, only 1 lot has a term of 2 years; maturity in 2026 and 2027; fixed interest rate at 3.7% - 5.4%.
Next is HDBank with a total issuance value from the beginning of the year to date reaching VND22,100 billion, through 19 bond issuances. The term of HDBank bonds is mostly 2-3 years and 7-8 years. HDBank is one of the banks applying the highest interest rates in the group of bank bonds, many bond lots have fixed interest rates above 7%/year, the highest is up to 7.8%/year.
OCB is also one of the banks with a large amount of bonds issued this year, with a total issuance value from the beginning of 2024 to now reaching 21,800 billion VND, through 19 issuances. The bonds all have a term of 2-3 years, with interest rates at 4.9% - 5.6% / year.
Similarly, for ACB, this bank has had 10 public bond issuances, with a total issuance volume of 17,840 billion VND.
This amount was mobilized by ACB in just 4 months, with 10 bond lots issued from June 2024 to present. Most of the bond lots have a term of 2-3 years, two bond lots have a term of 5 years, with a fixed interest rate of 4.5% - 6.1% / year. In particular, some bond lots are worth up to 5,000 billion VND such as: ACBL2426002, ACBL2426001.
Besides banking, real estate is the industry group with the second largest volume of bonds issued in the market, however, the bond issuance situation in this group is still quite gloomy compared to the period before 2022.
For banks, bond issuance helps them secure medium and long-term capital, thereby ensuring capital safety ratio. Experts predict that banks will continue to increase bond issuance to supplement capital and meet lending needs.
Overall, the corporate bond market has gradually warmed up with the issuance volume increasing again. However, in terms of industry groups, corporate bonds have not yet had a clear recovery from non-financial issuers in the recent past.
