Saigon - Hanoi Securities plans 2nd bond private placement

Saigon - Hanoi Securities JSC (SHS) has announced a private placement of bonds for its second issuance in 2025, aimed at restructuring the company's existing debt. The Board of Directors' Resolution No. 05-2025/NQ-HĐQT, dated October 7, 2025, details the plan to issue SHS bonds, which are non-convertible, unsecured, and without warrants, with a maturity of one year. The total issuance value is capped at VND 1,800,000,000,000, to be executed in up to five tranches during Q4/2025, with a nominal interest rate of up to 8.0% per annum.

The proceeds will primarily restructure existing debts from various financial institutions, including banks such as MB Shinsei, Vietcombank, CTBC, Viet Capital Bank, TPBank, Bac A Bank, Asia Commercial Bank, Eximbank, VPBank, and HDBank, with maturity dates ranging from October to December 2025. This strategic debt restructuring aims to enhance SHS's financial flexibility and optimize its capital structure.

SHS confirms compliance with all regulatory requirements for private bond placements. The company's financial health, as per audited reports for 2022, 2023, and 2024, demonstrates strong solvency and profitability, with a total debt-to-equity ratio of 0.25 as of December 31, 2024, maintaining financial safety ratios well above regulatory minimums.