MBS to issue VND500 bn in unsecured bonds for debt restructuring

MB Securities Joint Stock Company (MBS) has announced its plan to issue MBS12501 bonds, with a total value of up to VND500,000,000,000. This issuance, comprising up to 5,000 bonds, each with a par value of VND100,000,000, aims to restructure debt and will be conducted in a single offering during September and October 2025. The bonds will have a floating interest rate and a 24-month maturity period from the date of issuance.

The bonds will be issued in book-entry or electronic data form. The board of directors has authorized the general director to manage all aspects of the issuance, including finalizing terms, setting issuance dates, and handling registration procedures with the Vietnam Securities Depository and Clearing Corporation (VSDC) and the Hanoi Stock Exchange (HNX) for trading on the corporate bond market.

The general director is also empowered to determine associated costs, select third-party service providers, approve the list of professional investors, and decide on debt repayment using the proceeds. Additionally, the general director will oversee any potential early bond repurchases and other related matters to ensure compliance with legal and company regulations.