Real estate bonds account for more than half in bond market

Real estate bonds account for more than half in bond market

In January alone, the total corporate bond issuance exceeded VND13.37 trillion, of which real estate enterprises issued more than VND7.36 trillion, accounting for 55 percent of the total issuance in the market.
A luxury residential project in District 2 in Ho Chi Minh City. (Photo: SGGP)

Credit for real estate sector continues to be adjusted

The State Bank of Vietnam (SBV) continues to stick with the plan of reducing the proportion of short-term capital used for medium and long-term loans this year, which is considered to be a barrier to the credit of real estate. However, according to the leader of the central bank, this does not mean that it will close the doors and not give loans to this sector but it will only provide capital for effective real estate projects.
Real estate companies issue bonds to mobilize capital. (Photo: SGGP)

Real estate companies issue bonds massively

Reports by securities companies showed that more than VND60 trillion worth of corporate bonds has been issued since the beginning of this year, of which, real estate and construction field was the runner-up in the amount of issued corporate bonds with VND16.23 trillion, accounting for 27 percent.