Baf Vietnam Agricultural Joint Stock Company (stock code: BAF) has announced its plan to issue 10,000 bonds with a face value of 100 million VND each, totaling 1 trillion VND. These are non-convertible bonds without warrants, unsecured, and will have a 36-month term with a fixed interest rate of 10% per year, paying interest every 6 months. The expected issuance time is in Q4 2025 or Q1 2026 after receiving certification from the State Securities Commission. The proceeds will be used to supplement capital for pig farming operations and repay part of the principal debt. Additionally, Baf Vietnam has acquired 49.99% of the capital in Khoi Duong Livestock Company, raising its ownership to 99.99%. In the first half of 2025, Baf reported revenue of 2,510.4 billion VND and a net profit of 342.9 billion VND, while its total assets increased to 8,501.8 billion VND.
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