VietJet Air, Masan purchase Viet Capital shares

Viet Capital Securities Joint Stock Company (VCSC) has announced the results of its bond issuance.

Accordingly, Vietjet Aviation Joint Stock Company and food and beverage Masan Group spent nearly VND400 billion (US$17.17 million) to own VCSC's non-convertible bonds in the recent issuance of bonds worth VND500 billion.

Specifically, Vietjet bought 70 per cent of the bonds for VND350 billion. Masan spent VND37 billion owning 7 per cent of issued bonds of Viet Capital Securities.

In addition, domestic investors purchased VCSC’s bonds worth VND103 billion, equivalent to 21 per cent and foreign investors bought the remaining VND10 billion, equivalent to 2 per cent.

All of 50,000 VCSC’s bonds (par value of VND10 million per bond) are registered, non-convertible, two-year bonds with nominal interest rates and actual issuing interest rates in the range of 6-8.2 per cent per year.

In the second quarter of 2019, VCSC ranked third with 9.37 per cent market share in the top 10 securities companies with the largest brokerage market share on the Ho Chi Minh Stock Exchange (HoSE).

Generally, for the first six months of 2019, VCSC ranked third with 9.71 per cent market share of stock and fund certificates.

This year, VCSC targets revenue of VND1.65 trillion and net profit of VND680 billion, a year-on-year decrease of 17 per cent.

However, at the end of the first quarter of 2019, VCSC's revenue decreased by 35 per cent over the same period to reach VND371.48 billion and after-tax profit decreased by 39 per cent over the same period to VND202.5 billion.

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