HÀ NỘI — The trading platform for privately placed corporate bonds (PPBs) will make medium- and long-term finance more accessible to businesses and lessen their reliance on bank credits. That was the message from Minister of Finance Hồ Đức Phớc speaking at the inauguration ceremony of the PPB trading platform on Wednesday. Economist Đinh Thế Hiển said the launch of the trading platform would be a life-saver to bond issuers because they could leverage the platform to service their bonds that were coming due. A representative from VNDirect said real estate would be the sector with the largest volume of bonds coming due in Q3, accounting for 43.6 per cent of the total volume of bonds coming due in the country. Meanwhile, around VNĐ159 trillion ($6.7 billion) of bonds, including publicly-offered bonds, would reach maturity in the second half of the year.

Source: Viet Nam News July 19, 2023 20:01 UTC