Take a look at the biggest real estate, banking,…bond maturity businesses in 2023

According to VNDirect, the rate of corporate bonds maturing in 2023 of the Real Estate, Finance – Banking and Other industries is 38%, 37% and 26% respectively.

According to VNDirect’s statistics, in the fourth quarter of 2022, the multi-industry group became the industry group that accounted for the largest proportion of the corporate bond market, with 47% of the total issuance value equivalent to VND 1,700 billion, all of which were belongs to Masan Group Joint Stock Company.

In addition, the real estate group accounted for 17.4% of the total value of individual bond issuance, equivalent to VND 630 billion with 3 issuing companies. The interest rate of corporate bond issuance of the group tended to increase compared to the previous quarter, to an average of 12%/year. The Finance – Banking group only recorded one issuance from BIDV (285 billion dong). Other industries accounted for 28% of the total private bond issuance value in the fourth quarter, equivalent to VND1,005 billion. Notably, Thanh Nguyen Energy Development and Investment Co., Ltd. issued VND 500 billion with an interest rate of 13%/year for 5 years and Tenamyd Pharmaceutical issued VND 150 billion with an interest rate of 14%/year for 3 years. 5 years.

For the whole year of 2022, the corporate bond market was quiet with the total issuance value decreasing by 64% to only VND 269,733 billion. In which, bonds issued privately accounted for 97%, reaching VND 261,934 billion and issued to the public reached VND 7,799 billion.

Finance – Banking is the leading industry group, accounting for 56% of the total issuance value of the year. Real estate group recorded a decrease of 79%, reaching only VND 62,310 billion. In 2022, the top 5 bond issuers include BIDV (VND 24,366 billion), Vingroup and its subsidiaries (VND 16,569 billion); Novaland and its subsidiaries (15,157 billion VND), MB (13,820 billion VND), Techcombank (13,150 billion VND).

By 2023, VNDirect estimates that the maturity value of corporate bonds will reach about VND 272,853 billion, up 77% over the same period. The maturity ratio of corporate bonds of Real Estate, Finance – Banking and Other industries is 38%, 37% and 26% respectively.

More specifically, this year, real estate is the industry group accounting for the largest proportion with nearly 38% of the total maturity value of individual bonds, equivalent to VND 102,570 billion, up 76% over the same period. Real estate companies with the highest maturity in 2023 include Novaland (VND 14,476 billion), Saigon Glory (VND 7,000 billion), and An Khang Real Estate Development (VND 4,960 billion).

Following, the Finance – Banking group accounted for the second largest proportion with 37% of the total maturity value in 2023, equivalent to VND 100,824 billion, up 55% over the same period. Financial institutions with the highest maturity in 2023 include: HDBank (14,048 billion dong), VP Bank (13,650 billion dong) and LienVietPostBank (9,900 billion dong).

The rest of the industries accounted for nearly 26% of the total value of individual corporate bonds maturing in 2023, reaching VND 69,459 billion, 2.2 times higher. Companies outside of Real Estate and Finance – Banking with the highest maturity include: Sovico Group (16,350 billion VND), Kien Hung Thinh Construction (3,600 billion VND) and Tuong Khai Construction Investment (2,990 billion VND). copper).

Regarding issuance activities, VNDirect assessed that in the context of increasing financial costs, weak domestic demand, quiet real estate market, businesses are tending to postpone or cancel business expansion plans. business, leading to a decrease in capital requirements.

Therefore, the corporate bond market will continue to be quiet in the first half of 2023. However, issuance volume should recover significantly in the second half of 2023 from the low base of 2022, thanks to the profitability of startups sharper, stable interest rates and better market mechanism.

Phuong Linh/Market Lifestyle