Home Bonds

Dat Xanh Group to issue $300-mln international bonds

Jun 17th at 13:54
17-06-2021 13:54:32+07:00

Dat Xanh Group to issue $300-mln international bonds

Real estate developer Dat Xanh Group (DXG) plans to issue $300 million worth of international bonds this year in Singapore.
An artist's impression of a building complex developed by Dat Xanh Group in Ho Chi Minh City. Photo courtesy of Dat Xanh Group.

Details of the issuance would be revealed later, the company said in a statement.

In March and April, the company issued VND370 billion ($16 million) worth of bonds to 12 investors, including a foreign organization, at a coupon rate of 12 percent and maturing in March 2023.

The company reported revenues of VND2.95 trillion in the first quarter of 2021, 4.9 times up year-on-year. Post-tax profits jumped by 7.6 times to VND712 billion.

The company targets revenues of VND9 trillion this year, triple last year’s figure.

A group of investment funds belonging to Dragon Capital last week sold over 15 million DXG shares for around VND358 billion.

Vnexpress

RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Banks boost fundraising through bonds
BONDS Jun 7th at 09:25

Banks boost fundraising through bonds

A number of banks have increased bond issuance to attract mid-term and long-term capital, leading to changes in capital mobilisation in the corporate bond market in...

Vietjet raises $43.6 mln from bonds
BONDS Jun 6th at 10:41

Vietjet raises $43.6 mln from bonds

Budget airline Vietjet has raised VND1 trillion ($43.61 million) from a domestic company to expand operations amid the Covid-19 pandemic.

Bkav unveils $4.6-mln bond issuance plan
BONDS Jun 3rd at 09:33

Bkav unveils $4.6-mln bond issuance plan

Cybersecurity firm Bkav Corporation plans to issue bonds worth VND170 billion ($7.4 million) through a subsidiary, Bkav Pro.

Five bond-listed firms log strong Q1 growth
BONDS May 20th at 08:02

Five bond-listed firms log strong Q1 growth

Five corporate-bond listed financial institutions posted very positive growth in the first quarter of the year despite Cambodia’s ongoing battle against the spread...

Becamex plans to raise $65 million via bonds
BONDS May 19th at 14:18

Becamex plans to raise $65 million via bonds

The board of directors of the Investment and Industrial Development Joint Stock Corporation (Becamex IDC) has approved the second corporate bond issuance plan this...

Trend of international bonds encourages risks
BONDS May 16th at 20:56

Trend of international bonds encourages risks

In the last few years, many banks have resorted to issuing international bonds in an effort to mobilize more capital. This could be a means to raise capital, but it...

Investors warned about risks of real estate corporate bonds
BONDS May 16th at 20:55

Investors warned about risks of real estate corporate bonds

In the last two years, real estate firms have been the group issuing the highest volume of bonds.

US$1.14 billion raised from G-bonds in April
BONDS May 8th at 09:32

US$1.14 billion raised from G-bonds in April

The State Treasury raised more than VND26.3 trillion (over US$1.14 billion) worth of Government bonds (G-bonds) via 16 auctions on the Ha Noi Stock Exchange (HNX)...

Real estate developers remain largest bond issuers
BONDS May 3rd at 19:59

Real estate developers remain largest bond issuers

Real estate companies issued approximately $1 billion worth of bonds, accounting for 62 percent of the total market issuance, in Q1.

VN looks to promote issuance of Gov’t bonds on int’l market
BONDS Apr 29th at 08:08

VN looks to promote issuance of Gov’t bonds on int’l market

Experts and economists have proposed expanding the issuance of Government bonds to the international market, saying this will help increase opportunities to...

Read More

MOST READ

Back To Top