Vinhomes (stock code: VHM) has recently announced the successful issuance of 2 separate bond offerings totaling 15 trillion VND. The first bond series, VHM12501, consists of 80,000 bonds valued at 100 million VND each, amounting to 8 trillion VND, with a term of 42 months. The second series, VHM12502, comprises 70,000 bonds under the same face value, totaling 7 trillion VND, with a term of 39 months. Both series carry a fixed interest rate of 11% per annum, are non-convertible, and secured by assets from Vingroup. The issuance aims to restructure company debt. In the first half of 2025, Vinhomes reported total net revenue of 34.72 trillion VND and net profit after tax of 11 trillion VND. As of June 30, 2025, Vinhomes’ total assets reached 658.042 trillion VND with total equity of 230.611 trillion VND, marking increases of 17% and 4%, respectively, from the end of 2024. Cash and cash equivalents rose 69% to 48.672 trillion VND, indicating a healthy financial position, although inventory also increased by 47%.
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