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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Lãi suất trái phiếu doanh nghiệp gần vùng đỉnh
Read the original on VnExpress ↗
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Related tickers and likely impact
VNINDEX
▼ Likely negativeRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/20/2026 | 1,691.97 |
| Change that session | +0.13% |
DXG
▼ Likely negativeBluemarq Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 12,998 bn VND |
| P/E | 67.6 |
| P/B | 0.91 |
| Close on 10/20/2026 | 10.25 |
| Change that session | 0.00% |
KDH
▼ Likely negativeKhang Dien House
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 17,467 bn VND |
| P/E | 9.9 |
| P/B | 0.94 |
| Close on 10/20/2026 | 14.15 |
| Change that session | 0.00% |
NLG
▼ Likely negativeNam Long Investment
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 10,381 bn VND |
| P/E | 16.8 |
| P/B | 0.83 |
| Close on 10/20/2026 | 21.40 |
| Change that session | 0.00% |
PDR
▼ Likely negativePhat Dat Real Estate
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 11,225 bn VND |
| P/E | 18.3 |
| P/B | 0.89 |
| Close on 10/20/2026 | 11.35 |
| Change that session | +0.89% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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