VIS Rating's Q3 report recorded new corporate bond issuance of 172 trillion VND, up 9.7% year on year, mainly driven by secondary bonds from banks and some real estate firms. Banks accounted for 66% of issuance value and real estate for 26%, while private placements made up 83%. The rate of newly delayed payments over the past 12 months fell to about 0.2%, from 0.38% in the previous quarter, and cumulative debt recovery reached 51.5%. However, about 252 trillion VND of bonds will mature in the next 12 months, up from 157 trillion VND in the prior 12 months, with a significant share being bonds that were previously delayed or restructured. Experts warn that refinancing pressure remains high, especially for issuers facing financial difficulties.
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Original headline: Trái phiếu doanh nghiệp: Áp lực đáo hạn lại tăng
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