Bond redemption to reach three-year high in 2024

It is double the 2021 figure and 21% higher than last year’s, according to the Ho Chi Minh City Real Estate Association.

This year, VND65.5 trillion worth of bonds need to be redeemed this quarter, 80% of them by property developers.

The large maturity value this year and next is seen as a burden for many businesses who are already facing difficulties because of the economic situation.

So far companies have negotiated with investors to delay redemption of around VND107 trillion worth of bonds, according to the Hanoi Stock Exchange.