Coteccons Construction Joint Stock Company (HoSE: CTD) has approved a plan to publicly issue bonds worth up to 1.4 trillion VND. The bonds are non-convertible, do not come with warrants, and are unsecured, with a term of 3 years and an expected interest rate of 9% per annum. Coteccons plans to issue 14 million bonds, each with a face value of 100,000 VND, via securities firm SSI. The raised funds will augment working capital to pay suppliers, subcontractors, and employee salaries and bonuses. Additionally, Coteccons intends to invest abroad by establishing a wholly-owned subsidiary. The business aims for a 2026 revenue target of VND 30 trillion and a post-tax profit of VND 700 billion. In the first half of 2025, Coteccons recorded a profit of VND 456.2 billion, up 47.4%. As of June 30, 2025, total assets reached VND 29.7 trillion, with liabilities at VND 20.736 trillion. As of October 14, the share price of CTD was VND 84,000, with a market capitalization of VND 8.52 trillion.
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