Saigon - Hanoi Securities plans VND1.8tn bond offering to restructure debt

Saigon - Hanoi Securities JSC (SHS) plans its second private placement of non-convertible, non-warrant, unsecured bonds in 2025. The offering will total up to VND 1,800,000,000,000 across five tranches. The issuance, detailed in Resolution No. 05-2025/NQ-HĐQT, will occur in Q4/2025, with individual tranches ranging from VND 300,000,000,000 to VND 500,000,000,000, each with a one-year tenor. The fixed interest rate will not exceed 8.0% per annum.

The primary purpose is to restructure existing debt, including various bank loans and financial company debts, with an aggregate value of VND 4,443,000,000,000. These debts mature between October 14, 2025, and December 10, 2025. SHS will use the proceeds to repay these obligations, aligning with the company's capital usage plan.

SHS confirms compliance with all regulatory conditions for private bond offerings, including financial safety ratios, a debt-to-equity ratio below 0.25 (as of December 31, 2024), and a positive profit trend over the past three years. Audited financial statements for 2022-2024 confirm the company’s strong financial health and ability to meet its debt obligations.