Corporate bond issuance doubles in seven months

	Corporate bond issuance soars in comparison to 2023
	The corporate bond market will be more vibrant in the second half of the year
	Corporate bond private placement doubles year-on-year

As much as 24 trillion VND worth of covered bonds was issued during the span. Photo: Internet

From January to July, 2024, companies issued VND161.5 worth of bonds, 2.6 folds higher than the same time last year.

Specifically, credit institutions issued more than VND109 trillion, accounting for 67.5% of the value, real estate businesses issued nearly VND38.7 trillion, accounting for 24%; businesses of other industries issued VND13.8 trillion, accounting for 8.5%.

As much as VND24 trillion worth of covered bonds was issued during this span, accounting for 14.9% of the issued value. Of which, bonds of real estate businesses made up 84.4%.

Also according to the Ministry of Finance, in the first seven months of the year, VND88.8 trillion worth of bonds was redeemed, a 36% fall from a year earlier.

According to information from the Hanoi Stock Exchange, the total trading value in the secondary market during January-July amounted to more than VND566,857 billion with, the average trading value at around VND4,049 billion per session.