Over $383mln in corporate bonds issued in 2M

More than VND9.4 trillion ($383 million) worth of corporate bonds were issued in the opening two months of 2024, a three-fold increase compared to the same period last year, according to MB Securities (MBS).

Issuances in February, however, were down 87 per cent against January, reaching VND1 trillion ($40.8 million).

Since early in the year, the construction and construction materials sector has recorded the highest value in corporate bond issuances, at nearly VND5.8 trillion ($236.7 million).

It was followed by real estate, with VND2.6 trillion ($10.6 million).

MBS has estimated that some VND200 trillion worth of corporate bonds will mature in 2024, a year-on-year rise of 4 per cent. The real estate and banking sectors account for 58 per cent and 8 per cent, respectively.

Regarding government bonds, as of February 28, the State Treasury had raised more than VND37.4 trillion ($1.526 billion), fulfilling 9 per cent of the annual plan.