Banking sector leads corporate bond issuances in Q2
Over $3.58 billion raised from corporate bond issuances.
Credit ratings to be mandatory for certain corporate bond issuances
Analysts have made positive comments about the government’s new regulations on supplementing compulsory credit ratings in certain cases for corporate bonds issued for private placement, which will apply from January 1, 2023. Some 700 businesses have bonds in circulation, totaling VND1.5 quadrillion ($63 billion), more than 43 per cent of which are enterprises subject to credit ratings.
SSI Securities optimistic about corporate bonds
The SSI Securities Company has forecast that demand for corporate bond issuances will remain high as production and business activities resume. It also believes that the corporate bond market will be active again once there are clearer policies from the government, and this could start from the third quarter of 2022.