VnExpress International
The most read Vietnamese newspaper
Vietnamese Edition
| Contact us | Follow us on       
Business DataSpeaks Property Billionaires Companies Markets Economy Money Quiz
reddit Share via X Print

Bond redemption to reach three-year high in 2024

By Tat Dat   November 12, 2023 | 08:46 pm PT Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
Bond redemption to reach three-year high in 2024
An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
Around VND329.5 trillion ($13.52 billion) worth of corporate bonds are set to mature next year, the highest in three years.

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.

Google Get VnExpress first in Google Search info See more of the news you trust. Make VnExpress a preferred source to prioritise our updates in your Google search results
 
 
go to top