Many businesses focus on buying back bonds ahead of time

Specifically, Vietnam Electrical Equipment Joint Stock Corporation (stock code GEX) has just completed the purchase of 300 billion dong of bonds. This lot of bonds with code GEXH2124001, was issued on May 19, 2021, has a 3-year term, lasts until May 19, 2024 with a fixed interest rate of 8.5% per annum. The redemption price is calculated by GEX by the par value of the bond (VND 100 million/bond) plus the interest calculated on the actual number of days.

A series of other businesses also repurchased bonds in April and May 2022, especially after many bonds of Tan Hoang Minh were canceled.

Accordingly, Oriental Bank bought a whole lot of bonds of VND 200 billion ahead of time on May 12, and Techcombank Securities Company (TCBS) successfully negotiated to pay a bond package of VND 155 billion before maturity on May 12. 18-5.

Notably, An Phat Finance Joint Stock Company pre-paid all 7 bond lots with a total value of VND 570 billion. Intimex Vietnam Company bought back a package of 2,000 billion VND of bonds with maturity in September 2027. Tien Phong Bank (TPBank) also closed early two bond packages with a total value of 1,800 billion dong, including 800 billion dong due in April 2023 and 1,000 billion dong maturing in May 2024. Hai Phong Bank buys back VND 1,000 billion of bonds maturing in April 2023…

According to a report by the Ministry of Finance, in the first 4 months of 2022, the total volume of bonds that were bought back before maturity was VND 24,700 billion, an increase of nearly 18% compared to the same period in 2021. It is worth mentioning that the total the volume of repurchase of bonds before maturity in April 2022 increased sharply to 11,900 billion dong, nearly equal to the total repurchase volume in the first 3 months of this year of 12,800 billion dong.

Thy Tho