FiinRatings Monthly Report - April 2023: One sole bond issuance and difficulties are still ahead

After the exciting March 2023, the corporate bond market in April only recorded one private placement bond issuance with a value of VND 671 billion belonging to the real estate sector, resulting in the issue size of the month only equivalent to 2.5% over the previous month and 2.25% YoY.

 

After the exciting March 2023, the corporate bond market in April only recorded one private placement bond issuance with a value of VND 671 billion belonging to the real estate sector, resulting in the issue size of the month only equivalent to 2.5% over the previous month and 2.25% YoY.

The value of early redeemed bonds in April reached nearly VND 11.3 trillion, down 41.61% from the previous month and 10% compared to the same period in 2022. The banking sector is the main contributor to the early redemption activity of the month, accounting for 61% of the total value of redeemed bonds.

FiinRatings also provided impact assessments on forbearance policies (Circular 02) and guidance allowing credit institutions to repurchase corporate bonds with certain conditions (Circular 03).

You can refer to our FULL Monthly Report – April 2023 HERE.

About FiinRatings

FiinRatings Joint Stock Company, a member of FiinGroup and a technical collaboration partner with S&P Global Ratings, is a licensed Credit Rating Agency in Vietnam. FiinRatings provides credit ratings and related services to issuers, creditors, and investors in the Vietnamese credit market. Moreover, FiinRatings is Vietnam's first green bond verifier approved in accordance with international standards set by the Climate Bonds Initiative. For further details, please visit https://www.fiinratings.vn.

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