The worst is over

December 31, 2023

To read more, please click hereThe toughest time for corporate bonds, when issuers had to negotiate with bondholders over numerous sticky issues, including buying back such debt, is now over. However, challenges are still there to cope with, especially the eroded confidence in the market. The final month of this year will likely see more successful bond issues to mark an increase in the total value of bond issues since the crisis is still fresh in one’s mind. In November alone, there were 27 bond issues via private placement with a total value of VND27,468 billion, with an average term of 5.64 years and an average annual coupon of 8.6%. In fact, bond issues almost ground to a dead halt between October last year and February this year after irregularities at Van Thinh Phat Holdings Group Corporation related to corporate bond issues were uncovered in September.

The source of this news is from The Saigon Times