HCMC – An Gia Real Estate Investment and Development Corporation, whose AGG shares are traded on the Hochiminh Stock Exchange, has passed a plan to buy back VND300 billion worth of bonds in the lot AGGH2122001 before maturity.
The bond buyback is scheduled for the final quarter of this year.
An Gia issued this lot consisting of 3,000 one-year bonds on December 20 last year.
At its 2022 annual general shareholder meeting, AGG approved a plan to issue convertible bonds without warrants to mobilize VND1,000 billion.
In May this year, the real estate developer issued a resolution on issuing a maximum of 300 non-convertible bonds via private placement in the second quarter, with a term of 24 months and an annual interest rate of 11%.
As of June 30 this year, An Gia’s total assets reached over VND12,629 billion, while its total debts were VND9,574 billion.
On the local stock market today, October 28, AGG improved 0.14% compared to the previous session at VND34,550.
The benchmark VN-Index of the HCMC market lost 0.65%, or a fractional 0.06% over the session earlier at 1,027.36, with 236 advancers and 195 decliners.
The southern bourse saw its turnover up a slight 1.08% in volume and nearly 20% in value against the previous session at close to 654.7 million shares and more than VND13.3 trillion. Over 139 million shares were transacted in block deals, contributing around VND4.6 trillion to the overall value.
Trading among steel stocks became gloomy, with the country’s leading steelmaker HPG declining 3.4% at VND16,800. HPG remained the most actively traded stock on the southern market with over 31.2 million shares changing hands.
Many bank stocks also ended in a bearish mood. Of them, VCB reversed course to close 0.14% lower at its intraday low of VND71,600 over strong selling pressure. Its peers such as BID, VPB, SHB, TPB, VIB, HDB and SSB closed in the red, especially EIB plunging nearly 6.2%.
On the northern bourse, the HNX-Index gained 0.11 point, or 0.05% versus yesterday at 213.73, with 96 stocks rising and 80 others falling.
- Businesses refrain from issuing bonds due to COVID-19 epidemic
- VietinBank continuously issued bonds to increase tier 2 capital
- Gelex is about to borrow another 350 billion dong through issuing bonds
- The risks of corporate bonds
- Over US$623 million mobilized from Government bonds
- Over 6.4 trillion VND raised through June 17 G-bond auction
- CII calculated to mortgage shares of NBB, LGC, SII, CEE to raise an additional 1,600 billion dong of bonds
- Over 623 million USD mobilized from Government bonds
- G-bonds valued at nearly 358 million USD mobilised at latest auction