Home Bonds

Pork producer issues bonds to raise $87 mln

Aug 12th at 13:36
12-08-2021 13:36:24+07:00

Pork producer issues bonds to raise $87 mln

Pork producer Masan MeatLife has announced it is issuing roughly 20 million bonds to raise nearly VND2 trillion ($86.9 million).
A box of MeatDeli pork produced by Masan MeatLife. Photo courtesy of Masan MeatLife.

The unsecured, non-convertible bonds have a term of 60 months, and an annual interest rate of 9.5 percent in the first 12 months, 3.9 percent in the following six months, plus an average interest rate for deposits at four state-owned banks.

Individual investors have to register to buy bonds worth at least VND50 billion, and institutional ones of at least VND500 billion.

Masan MeatLife, which sells pork branded MEATDeli, made total revenues of over VND10.23 trillion in the first half of this year, seeing a year-on-year increase of 42 percent, and gross profits of approximately VND1.31 trillion, up more than 9 percent on-year.

As of the end of June, the company’s total assets stood at roughly VND19 trillion, with its due debts over VND10.18 trillion.

Vnexpress

MOST READ

NEWS SAME CATEGORY

Pawn shop chain to issue $17-mln worth of bonds
BONDS Aug 9th at 13:51

Pawn shop chain to issue $17-mln worth of bonds

Pawnshop chain F88 is set to issue bonds worth VND400 billion ($17.4 million) with a coupon rate of 11.5-12 percent to fund the opening of new branches.

Surge seen in corporate bond issuances
BONDS Jul 28th at 10:27

Surge seen in corporate bond issuances

Corporate bond issuances in the second quarter of this year rose by 3.7 times from the first and 30 percent year-on-year.

Viet Nam expects to raise VND120 trillion worth of G-bonds in Q3
BONDS Jul 23rd at 08:54

Viet Nam expects to raise VND120 trillion worth of G-bonds in Q3

The State Treasury recently announced a plan to auction Government bonds worth VND120 trillion (US$5.21 billion) via the Ha Noi Stock Exchange in the third quarter...

Ministry warns investors to be cautious when buying corporate bonds
BONDS Jul 17th at 16:36

Ministry warns investors to be cautious when buying corporate bonds

To ensure transparency and reduce risks in the bond market, the Ministry of Finance (MoF) has asked corporate bond issuers to consider the feasibility of production...

Experts share global experience in developing green bond market
BONDS Jul 14th at 09:47

Experts share global experience in developing green bond market

Piloting issuance of green bonds of various types is one of the ways to accelerate the development of Vietnam’s green bond market, the Global Green Growth Institute...

More than VND31.8 trillion raised through G-bond auctions in June
BONDS Jul 7th at 08:59

More than VND31.8 trillion raised through G-bond auctions in June

The State Treasury mobilised more than VND31.8 trillion (US$1.38 billion) via 18 government bond (G-bond) auctions on the Ha Noi Stock Exchange (HNX) in June, down...

Tiki raises $43.5 mln via corporate bonds
BONDS Jun 26th at 14:08

Tiki raises $43.5 mln via corporate bonds

E-commerce platform Tiki has raised VND1 trillion (nearly $43.5 million) over the last three months by issuing corporate bonds.

Vietnam bond market estimated at US$71 billion by Q1
BONDS Jun 26th at 14:06

Vietnam bond market estimated at US$71 billion by Q1

On an annual basis, the bond market expanded 19.0% year-on-year in the first quarter of 2021, led by corporate bonds, which more than doubled during the quarter.

10-year Gov’t bond futures to be launched on June 28
BONDS Jun 26th at 14:03

10-year Gov’t bond futures to be launched on June 28

The 10-year government bond future contracts will be officially launched on derivatives market from June 28, according to the Hanoi Stock Exchange (HNX).

Dat Xanh Group to issue $300-mln international bonds
BONDS Jun 17th at 13:54

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.

Read More

MOST READ

Back To Top