News about Becamex

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.

The HCMC People's Committee has approved a plan to restructure state capital in enterprises for 2026-2030. The city will keep its state capital ratio unchanged at 11 companies, including the HCMC State Investment Finance Company, Saigon Water Supply Corporation, Saigon Industry Corporation and Saigon Zoo and Botanical Garden One-Member Co., Ltd. The city will restructure 60 companies: the state's ownership in Becamex will fall from 95.44% to above 65%, 51 companies will be merged or have their shareholder representation rights transferred, mostly to general corporations, and 8 will be dissolved or declared bankrupt.