ex. Game, Music, Video, Photography

Brokerages race to issue bonds

Brokerages including VNDirect and Viet Dragon and are racing to issue bonds amid rising demand for capital as investors increase the use of margin in trading.

Ngày đăng: 14 tháng 9, 2021
Cập nhật: 17 tháng 1, 2023
Lượt xem: 310696572
Nguồn: vnexpress

So far in the third quarter at least eight brokerages have sought to raise VND4 trillion ($175.15 million) through bonds, VnExpress data shows.

VNDirect has announced it would raise VND2 trillion in two issuances this year and early next.

The bonds would be offered to the public with a maturity of three years. Money raised will be used to fund margin loans.

Viet Dragon Securities Corporation has also said it would raise VND1.5 trillion through bonds.

The bonds will be privately issued in four issuances from this month until November.

The company is set to use the money for margin loans and to trade bonds.

Other smaller brokerages have also made plans to issue bonds including HDB Securities with VND300 billion. Tan Viet Securities, MB Securities and APG all plan to raise VND200 billion.

Some of these companies offer a high coupon rate of 11.5-12.5 percent annually.

Bigger firms offer lower rates. VNDirect will pay 8.4 percent a year in the first year, while Viet Dragon pays 9.3 percent.

Rising interest in stock is the main reason why brokerages are issuing bonds, said Nguyen Nhat Cuong, deputy head of investment at Vietinbank Securities.

Trading value on the main bourse, Ho Chi Minh Stock Exchange (HoSE), during many sessions this year doubled or tripled year-on-year, which means many investors are looking to use margin in their investment, seeking higher profits, he said.

This is why brokerages are short of capital and need to raise more, he stated, adding the mobilization amount could rise even higher in future.


Từ vựng liên quan

Tin tức liên quan

 Vietnam prosecutes bank officials in corruption crackdown
business 09/05/2021

Vietnam prosecutes bank officials in corruption crackdown

business | 202716600

The sweeping crackdown continues after making global headlines.

Vietnam sees record new business in 2016
business 13/09/2021

Vietnam sees record new business in 2016

business | 308016553

The new 110,000 businesses could create nearly 1.3 million jobs.

 Horrible reality of sea pollution washes up on Vietnam beach
news 29/03/2021

Horrible reality of sea pollution washes up on Vietnam beach

news | 150926609

At least four kilometers of the beach in central beach town of Quy Nhon was completely trashed in the wake of storm Matmo.

Giant rats take pride of place on Saigon’s pride
news 14/09/2021

Giant rats take pride of place on Saigon’s pride

news | 310956572

Saigon’s famous Nguyen Hue walking street has undergone its annual transformation into a floral boulevard for Tet, with giant rats in the forefront.

Phu Quoc, Cat Ba among most idyllic islands in Southeast Asia
travel 04/08/2022

Phu Quoc, Cat Ba among most idyllic islands in Southeast Asia

places | 403016557

Canadian travel magazine The Travel listed Phu Quoc Island in the south and northern Cat Ba Island among the most stunning islands in Southeast Asia.

Germany denies visa for Vietnam
news 04/08/2022

Germany denies visa for Vietnam's new passports over lack of birthplace info

news | 402956557

The German Embassy said it cannot grant visa to holders of Vietnam's new passports as they lack the information of one's place of birth, making it difficult for verification.

 New photo of Japanese hostage appears with message pleading for help
world 13/08/2021

New photo of Japanese hostage appears with message pleading for help

world | 232446579

The Japanese government said on Monday it was doing all it could to secure the release of a Japanese journalist being held hostage by an al Qaeda affiliate in Syria, after an apparent photograph of the man was posted on the internet.

  12 bodies found after South China Sea typhoon shipwreck
world 06/07/2022

12 bodies found after South China Sea typhoon shipwreck

world | 396986562

Twelve bodies have been found following a shipwreck in the South China Sea over the weekend that left more than two dozen crew members missing, Chinese authorities said Monday.

Garbage to fuel HCM City
news 11/09/2021

Garbage to fuel HCM City's power needs

news | 290516569

The city has 2.5 million tons of trash ditched each year and it doesn't want it to go to waste.

PetroVietnam corruption trial: Defense lawyers battle allegations in week 1
news 09/10/2021

PetroVietnam corruption trial: Defense lawyers battle allegations in week 1

news | 344056562

A summary of the main clashes between prosecutors and defendants at the trial of fallen political figures.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…