Vinhomes Ocean City, a major residential and business property project in Hanoi and Hung Yen Province. Photo courtesy of Vinhomes
Property developer Vinhomes has raised VND4 trillion (US$157 million) in its latest bond issuance this month, bringing its total bond issuance this year to VND20.5 trillion.
The 36-month bonds carry an annual coupon rate of 12%, according to data released by the Hanoi Stock Exchange on Tuesday.
Vinhomes has issued nine bond batches so far this year, accounting for 32.2% of the total property bond issuance value in Vietnam.
The property arm of Vietnam’s largest private conglomerate, Vingroup, also conducted the largest treasury stock purchase in the country’s history this year, buying nearly VND10.5 trillion worth of shares in October and November.
The company posted VND33.32 trillion in revenue in the third quarter, up 1.8% year-on-year. Its post-tax profit dropped 16% to VND8.98 trillion in the period.
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