Real estate bonds shackled by rules

Real estate bonds shackled by rules

Although experts believe that rating agencies are an indispensable element of a healthy and transparent market, and a significant fundraising channel, real estate developers may suffer hurdles due to stringent bond issuance rules.
Debunking the mandatory credit rating misconceptions

Debunking the mandatory credit rating misconceptions

There have been growing concerns that Vietnam’s fast-growing corporate bond market is harbouring financial risks.
Selective corporate bond scale expected to widen

Selective corporate bond scale expected to widen

Corporate bonds, in addition to credit channels and stocks, are now a major source of finance for firms, particularly for banks and real estate developers. However, much work has to be done as the channel is still in its infancy.
Capital mobilisation through corporate bonds may decrease sharply

Capital mobilisation through corporate bonds may decrease sharply

The scale of capital mobilisation through corporate bonds is forecast to decrease sharply, but there will be a drastic change in quality, according to a study on the corporate bond market by FiinRatings.
Ministry to continue tightening bond market after Tan Hoang Minh scandal

Ministry to continue tightening bond market after Tan Hoang Minh scandal

After the cancellation of nine bond issuances of Tan Hoang Minh Group, the Ministry of Finance (MoF) is drafting, amending and supplementing Decree 153 on offering and trading corporate bonds, which proposes stricter condition for bond issuers, especially in private placement.
Banks prioritise loans for at-risk businesses

Banks prioritise loans for at-risk businesses

Banks’ loan allocations will be distributed to much-needed sectors, such as production, while the central bank pledges to impose strict oversight over at-risk enterprises, notably over their real estate holdings, hazardous corporate bonds, and stocks in 2022.
Reviews set after Thu Thiem episode

Reviews set after Thu Thiem episode

Real estate-backed credit packages and corporate bonds are to be strictly constrained under the fresh legislation of the competent authorities.
Hard limit for credit institutions buying corporate bonds

Hard limit for credit institutions buying corporate bonds

Credit institutions with a bad debt ratio of more than 3 per cent are forbidden to buy corporate bonds, according to the latest announcement from the SBV.
Considering the implications of fiscal reformations

Considering the implications of fiscal reformations

To cope with the ongoing pandemic, the central banks of many nations have significantly expanded their balance sheets by using non-traditional monetary policies by increasing money for purchasing government bonds and even corporate bonds.
Corporate bond issuance proposed for building 3,800km expressway

Corporate bond issuance proposed for building 3,800km expressway

The goal of building 3,800km of expressways within 10 years requires a variety of solutions to diversify capital sources.
Quick cash alternative in international bonds

Quick cash alternative in international bonds

Besides domestic cash and traditional corporate bonds, Vietnamese conglomerates are actively seeking to raise foreign funds by jumping on the international convertible bonds bandwagon – a viable approach to maximise their capital efficiency and enhance their international reputation.
Shaking up corporate bond issuance

Shaking up corporate bond issuance

Vietnam has issued new rules on corporate bonds which are expected to make positive changes in the market.
High-yield corporate bonds rated risky despite boom

High-yield corporate bonds rated risky despite boom

Despite their attractiveness to high-yield investors, corporate bonds have also drawn scrutiny for their vulnerabilities, exposing investors to many types of risks.
Firms issue 7.71 billion USD worth of bonds in 10 months

Firms issue 7.71 billion USD worth of bonds in 10 months

The total value of corporate bonds was 178.7 trillion VND (7.71 billion USD) in January-October this year, according to SSI Retail Research.
Corporate bond issuance up 222 percent in Q1

Corporate bond issuance up 222 percent in Q1

More than 9.1 trillion VND (391 million USD) worth of corporate bonds were issued in the first quarter of 2019, up 222 percent year on year.
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