Bien Hoa Sugar has the best deal of issuing VND 2,300 billion of local currency bonds in 2021, with a revenue target of USD 1.5 billion for the year 2024-2025
Joint Stock Company Thanh Thanh Cong – Bien Hoa (HOSE: SBT) successfully offered 2,300 billion dong of bonds from the cooperation agreement with Techcom Securities (TCBS) to issue a bond package to the public with a value of 700 billion and issued a private bond package of 1,200 billion, along with that is a 400 billion individual bond purchased by VietinBank.
Therefore, it can be said that the fiscal year 2020-2021 is considered a successful year of SBT in capital mobilization activities and the most impressive is still the bond issuance activity when contributing nearly 77% of the total capital. SBT mobilized.
The successful issuance and offering of VND2,300 billion of bonds in the 2020-2021 year has confirmed the firm belief of investors and credit institutions in SBT’s high credit quality and reputation in the market. capital.
The Asset magazine honored SBT in the category of The Best Local Currency Bond 2021 – The best local currency bond deal in 2021, within the framework of The Asset Triple A Award Ceremony 2021.
At this year’s awards, The Asset highly appreciates that SBT is the first sugarcane enterprise in Vietnam capable of successfully issuing bonds to the public. Specifically, with the deal to mobilize VND 1,900 billion of bonds, of which VND 700 billion came from a bond package issued to the public, unsecured, not convertible, without warrants, with a term of 3 years.
In the context that the world and domestic sugar market has been volatile in recent years, SBT has always actively taken advantage of the pioneer in attracting domestic and international capital. This activity helps the company focus on boosting domestic market share, expanding export markets and diversifying products from sugar to energy solutions.
Moreover, SBT also wants to strengthen cooperation with the world’s leading names in the field of crop production to develop the agricultural product chain.
Ms. Dang Huynh Uc My – Vice Chairman of the Board of Directors of SBT
Sharing the orientation of sustainable agricultural development, Ms. Dang Huynh Uc My – Vice Chairman of the Board of Directors of SBTsaid: “In addition to maintaining the domestic raw material area, SBT is focusing on promoting scale expansion, participating in the sugar capitals of the Asia-Pacific region (APAC), as well as enhancing exchange and development. Agriculture 4.0, aiming for a total output of 2 million tons, revenue of USD 1.5 billion in Fiscal Year 2024-2025“.
On March 14, SBT also had an official visit and worked with the Government of Queensland, Australia for an intensive cooperation project in promoting sustainable agricultural development and comprehensive bilateral cooperation.
In the sustainable agricultural development strategy for the period 2021-2025, SBT aims to expand the material area in Australia to 20,000 hectares, applying digital farming technology through the FRM (Farmer Relationship Management) management platform. ).
Accordingly, if the project is successful, SBT can increase the total area of the global raw material area to nearly 90,000 hectares, in order to ensure sufficient supply for production and business needs, and reach more than hundreds of millions of users in different locations. vibrant domestic and international markets.
SBT is also the only sugar company in the VNSI20 index basket – Top 20 stocks with the highest sustainable development score in the stock market.
By Business and Marketing
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