Corporate bond private placement doubles in September

After more than two months of operation of the trading platform for privately placed corporate bonds, another 56 corporate bond codes were registered to be traded on the system last month, with the transaction value doubling that of August, said the Hanoi Stock Exchange (HNX).
Corporate bond private placement doubles in September ảnh 1An employee of BaoViet Bank performs a transaction at its office in Hanoi. (Photo: VNA)
Hanoi (VNS/VNA) - After more than two months ofoperation of the trading platform for privately placed corporate bonds, another56 corporate bond codes were registered to be traded on the system last month,with the transaction value doubling that of August, said the Hanoi StockExchange (HNX).

In September, over 37.1 million bonds were traded via private placements in themarket, with a total value of 9.5 trillion VND (388.4 million USD), equal to anaverage value of more than 99.22 billion VND per session, nearly double that ofthe previous month.

Specifically, bonds with the highest trading value were those of VinFastTrading and Production JSC with nearly 3.7 trillion VND, followed by bonds ofLuxury Living Furniture Trading Company Limited with over 2.6 trillion VND,BIDV's bonds 1.11 trillion VND, and Vietcombank's bonds 822.43 billion VND.

As of the end of September, 102 corporate bond codes of 29 issuers were tradedon the trading system at HNX.

During the period, the largest issuers were VinFast Trading and Production JSCwith a registered trading value of 14.12 trillion VND, Capitaland Tower Companyand VPBank (10.68 trillion VND each), and Vietcombank (7.24 trillion VND).

HNX recorded four more members joining the system last month, including VPBank,Tien Phong Securities Corporation, BIDV Securities Company, and DNSE SecuritiesJSC, bringing the total number of members to 13.

On the primary market, there were 26 successful private placementsof corporate bonds on the domestic market with a total value of more than 29trillion VND.

HNX cooperated with Vietnam Securities Depository and Clearing Corporation inmid-September to organise a conference to disseminate regulations on bondregistration, depository, and trading registration of private issuance forcorporate bonds. The aim was to disseminate and guide the implementation ofrelevant regulations on participating in the private corporate bond market.

At the conference, Nguyen Hoang Duong, Deputy Director General of theDepartment of Banking and Financial Institutions under the Ministry of Finance,said that the privately placed corporate bond trading system had helped enhancemarket liquidity, while the data on the system would serve the post-inspectionwork of state management agencies for violations that may arise in the market./.
VNA

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