Bond boost powers MBS growth and debt fix

Bond boost powers MBS growth and debt fix

Particularly, the securities company has resolved to issue VNĐ500 billion worth of privately placed bonds, designated as MBS12501.

At a transaction office of MB Securities. — Photo qdnd.vn

MB Securities JSC (MBS) is set to strengthen its financial footing with a strategic plan to issue shares and raise VNĐ500 billion (US$18.9 million) through a bond offering designed to restructure its debts. The move signals the company’s determination to boost growth while managing liabilities effectively.

MBS will privately place VNĐ500 billion worth of bonds, labelled MBS12501. Each bond has a nominal value of VNĐ100 million, carries a floating interest rate and is unsecured and non-convertible, with a 24-month term. The issuance is scheduled for September and October 2025 and aims to ease MBS’s existing debt load.

Alongside this, MBS plans to increase its charter capital. Shareholders can exercise their rights by September 25 to receive bonus shares from retained earnings at a ratio of 100:3, amounting to about 17.18 million new shares. They will also be entitled to purchase additional shares at a discounted price of VNĐ10,000 per share—significantly below the current market rate—at a ratio of 100:12. The subscription period runs from October 3 to 23.

Through issuing nearly 68.7 million shares, MBS expects to raise roughly VNĐ687.3 billion. The funds will be invested in proprietary trading, underwriting and especially margin lending activities to fuel further expansion.

These capital-raising efforts come as MBS reported solid performance in the first half of 2025. Although operational revenue declined 6 per cent year-on-year to over VNĐ1.46 trillion, a 44 per cent drop in operating costs to VNĐ390 billion helped push profit before tax up 22 per cent to VNĐ611 billion. This means MBS has already achieved 47 per cent of its full-year profit target. 

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