Becamex Group (BCM) has approved a plan to issue up to 12,000 private bonds, code BCML12602, with a face value of 100 million VND each, to raise 1,200 billion VND. The unsecured, non-convertible 36-month bonds pay 12.5% fixed interest for the first four periods, then a floating rate of 3.5% plus the MB reference rate, and the proceeds will restructure bank loans, including 110 billion VND to BIDV Binh Duong and 600 billion VND to Vietcombank Dong Nai. Earlier, the company sold 7,100 BCML12601 bonds worth 710 billion VND, and on September 15, 2026, it repaid 2,500 billion VND in principal plus nearly 69 billion VND in interest to fully redeem the BCMH2126005 bond.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Becamex Group dự kiến huy động 1.200 tỷ đồng trái phiếu riêng lẻ
Keywords
Becamexbondsinterest ratesreal estate
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BCM
• NeutralBecamex Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 42,332 bn VND |
| P/E | 21.7 |
| P/B | 1.93 |
| Close on 10/20/2026 | 40.90 |
| Change that session | +4.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Corporate bond yields near peak
New corporate bond issuance rates in Q3 rose 2.5% from the 2025 low to nearly 9.5% a year, approaching the 2022-2023 peak, according to S&I Ratings. Banks averaged about 8.85% a year, above their 8.7% average in 2022, and Sacombank issued bonds at a fixed 10%. Real estate and some other sectors saw average new-issue rates climb to 12.5-13% a year, still below the 14-14.5% earlier peak, while Khai Hoan Land and Tandoland paid over 13%. For the first nine months, new issuance totalled VND 464,100 billion, and outstanding bonds rose 7.1% from end-2025 to VND 1.54 quadrillion. Fiin Ratings expects funding costs to stay flat in Q4, while S&I Ratings warns high rates could persist into at least the first half of 2027, pressuring issuers with heavy leverage.
- When Interest Rates Move, These 7 Income Stocks React Very Differently
The 10-year Treasury yield is above 5%, near its highest level in a quarter century and up from nearly 4% before the war with Iran began. The article compares how seven popular income stocks react to rate moves. Mortgage REITs AGNC (yield near 17%) and Annaly (over 16%) are the most sensitive: higher borrowing costs narrow their spreads, and their shares have fallen sharply, with Annaly more than 25% below its peak. Coca-Cola (yield about 2.3%) is largely insulated by long-term fixed-rate debt and pricing power, and its shares are up more than 30% this year. Energy Transfer (about 6.7%) and Enterprise Products Partners (about 6.1%) face higher borrowing costs partly offset by commodity-linked cash flows, while Realty Income (5.9%) is less rate-sensitive than mortgage REITs and Vici Properties yields about 7.9%.
- When Interest Rates Move, These 7 Income Stocks React Very Differently
The 10-year Treasury yield is now over 5%, near its highest level in a quarter century, up from about 4% before the war with Iran began. Mortgage REITs AGNC (yield near 17%) and Annaly (over 16%) are among the most rate-sensitive because they borrow short-term to fund long-term investments, and both shares have fallen sharply. Coca-Cola (about 2.3%) is far less sensitive, with mostly long-term fixed-rate debt and pricing power, and its shares have risen more than 30% this year. Energy Transfer (about 6.7%) and Enterprise Products Partners (about 6.1%) have mixed sensitivity, partly offset by higher oil and gas prices. Realty Income (5.9%) and VICI Properties (about 7.9%) are less rate-sensitive than mortgage REITs, and Realty Income mitigates its impact through private capital partnerships.
- Rising interest rates pose a threat to the property market's recovery
Rising interest rates threaten to derail the already fragile recovery in global commercial real estate, forcing many deals to be repriced sharply or put on hold. US 10-year Treasury yields have risen above 5.3%, up from about 4% at the end of February, driven by inflation linked to the Middle East conflict and climbing borrowing costs. Some investors are negotiating discounts of a few percent, including one company seeking a 5% cut on a $100 million industrial deal agreed three months ago. Office construction starts in the UK rose 23% in the third quarter, but on a rolling 12-month basis they remain near a 15-year low. Experts say the current price adjustment is less severe than in 2022.
- Think Rates Are Peaking ? Consider Mortgage - Backed Securities
The article argues that agency mortgage-backed securities (MBS) may deserve a place in fixed-income portfolios, potentially offering more yield than Treasuries with essentially no credit risk, especially if rates are near a peak. Freddie Mac put the average 30-year fixed mortgage rate at 7.28% as of October 1, the highest since November 2023 and up from 6.34% a year earlier. With nearly 80% of homeowners holding rates below 6%, refinancing has largely stopped, the MBA's refinance index is more than 50% below a year ago, and MBS durations have little room to extend further. The article explains that MBS duration shifts with rates, lengthening when yields rise and shortening when they fall, a pattern known as negative convexity that can magnify losses as rates climb. It also notes that the prepayment option embedded in MBS accounts for much of their extra yield over Treasuries, and that extension risk has largely run its course since the 2022–2023 period.
- Opendoor and Zillow Surge 7 % as Long - Term Rates Retreat ; Compass Climbs 6 %
Housing stocks rose as the 10-year Treasury yield eased to 5.1%, with Opendoor (NASDAQ: OPEN) up 7% to $2.14, Zillow (NASDAQ: ZG) up 7% to $31.40 and Compass (NYSE: COMP) up 6%. The article says Opendoor is most exposed because it holds homes on its balance sheet, and the share of homes listed for more than 120 days fell to 9% from 36% a year earlier. Its Q2 FY2026 revenue was $883 million, down 43.6% year over year, though its contribution margin rose to 5.8% from 4.4% and home purchases jumped 149%. Management repeated guidance for Q3 revenue growth of at least 20% year over year and a path to positive Adjusted Net Income by year-end. The shares started the year at $5.83, so the article calls the rally a reversal within a long decline.
Related markets
Latest news
- NVIDIA (NVDA) Is Strengthening AI Conviction Balanced Against Evolving Competitive Risks
The L1 Capital International Fund (unhedged) said in its Q3 2026 investor letter that NVIDIA was a leading contributor. The Fund returned +3.5% net of fees in the September 2026 quarter, beating its benchmark's 1.5% gain despite a stronger Australian dollar, and held 22 investments with the ten largest making up about 63% of assets. It views AI as both an opportunity and a source of uncertainty, and focuses on businesses with durable competitive advantages, earnings and cash generation. NVIDIA closed at $216.47 on October 20, 2026, down 4.01% over the past month but up 20.07% over the past year, with a market capitalization of $5.22 trillion. The letter notes NVIDIA's market cap is roughly ten times Cisco's at the peak of the dot-com bubble while its forward earnings multiple is about ten times lower, though it acknowledges risks and possible price corrections.
- Solana’s Alpenglow launches on mainnet, targets 99% faster finality
Solana’s first major consensus upgrade, Alpenglow, went live on mainnet around 1:54 pm UTC on Wednesday, according to the Solana Foundation’s dashboard. The upgrade aims to cut transaction finality by 99%, from about 12.8 seconds to roughly 150 milliseconds, by replacing the current voting and finalization mechanism with direct validator voting. At press time, mainnet showed 6.6-second finality and 4,721 transactions per second. A later phase, Rotor, is meant to replace Turbine for block data distribution, and Anza called Alpenglow the biggest change to Solana’s core protocol since genesis. SOL rose nearly 3% in the 24 hours before the upgrade, reversing part of a 42% decline over the past year.
- 'Black swan' event has a major impact on Vietnam’s diamond market
At PNJ’s extraordinary shareholders’ meeting on October 21, the company said customer buybacks surged from July after an incident involving the P-Lab director, with July’s total value reaching nearly 6,000 billion VND, almost equal to all of 2025 (about 7,000 billion VND). General Director Phan Quốc Công called the episode a “black swan,” and the company shortened payment times for some gold and jewelry products to 2–7 days, while diamonds remain at 120 days. The board proposed booking a 7,071 billion VND provision in 2026, which would push the pre-tax result to a loss of more than 6,000 billion VND, even though revenue is projected at 39,057 billion VND, up 10%. PNJ also plans to close 25–30 underperforming stores and issue up to 550 million shares in a private placement; Chairwoman Cao Thị Ngọc Dung apologized to shareholders.
- Why SpaceX has the potential to be the world's largest hyperscaler
SpaceX shares rose after its third-quarter results beat estimates, with the AI business generating $7.56 billion in revenue. Kenny Polcari and Daniel Newman argue SpaceX could be not just the fifth hyperscaler but potentially the largest, if Elon meets his ambitious plans, and mention a possible merger with Tesla. The discussion notes top-tier customers paying over 50 million dollars per megawatt and Elon's claim that capex returns arrive in under one year. The speakers also dismiss oversupply concerns, citing comments from Jensen and Sundar Pichai and spot pricing, and expect strong results from Amazon, Microsoft and Google next week.
- Tesla (TSLA) Needs Stronger Earnings to Justify Its Autonomy Ambitions
The article argues that Tesla needs autonomous driving to become a profitable service rather than just an impressive demonstration, since the stock trades near 159 times forward earnings. Second-quarter revenue rose to $28.24 billion from $22.50 billion, but operating income fell to $398 million from $923 million as R&D spending jumped and automotive gross margin slipped from 17.2% to 16.9%. Tesla ended June with $43.5 billion in cash and short-term investments and generated $8.63 billion in first-half operating cash flow, which funds development but does not guarantee returns. The stock trades at 351.96 times trailing and 158.73 times forward earnings, far above the 15.40 consumer-discretionary median, while hedge fund holders fell from 123 to 116 and their combined stakes rose from $23.09 billion to $23.79 billion. The article concludes that the autonomy opportunity does not yet make the shares attractive for a new purchase at this valuation.
- Inflation for Urban Wage Earners Hit 3.9% in September. Here's What That Means for Social Security and Your Portfolio.
The CPI-W, the index used to set Social Security cost-of-living adjustments (COLA), rose 3.9% from a year earlier in September 2026, above the broader 3.7% CPI. The 2027 COLA is projected at 3.6%, the average of the July (3.4%), August (3.5%) and September (3.9%) readings. Applied to the average retired worker's benefit of about $2,088 per month in 2026, that works out to roughly $75 per month, or $902 per year. The article argues this inflation does not require major changes to a stock portfolio, since current CPI is only slightly above its 50-year average. For investors worried about inflation, it suggests options such as low-cost index funds, short-term bonds, commodities, energy and financial stocks, and REITs.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.