Vietnam's SHS raises $4.75M in bonds, with $23M more planned
What's the deal? Saigon Hanoi Securities (SHS)Dealroom has a profile for this one. Try Dealroom → has completed a VND 123 billion (roughly $4.75 million) bond issuance, selling 1,230 one-year bonds to the domestic market on October 6, 2026. The securities firm now plans to raise a further VND 600 billion through two more tranches.
The details: Each bond carries a face value of VND 100 million and matures on October 6, 2027. Details on bondholders, collateral, and the specific use of proceeds for this tranche were not disclosed to the Hanoi Stock ExchangeDealroom has a profile for this one. Try Dealroom →.
Why now? The move is part of a wider borrowing push. SHS issued VND 119 billion in July and VND 456 billion in August, both on one-year terms.
What's next? Management has approved a third 2026 private placement of 2,000 bonds to raise VND 200 billion, plus a fourth tranche of 4,000 bonds for VND 400 billion. Both are non-convertible, carry no warrants or collateral, and are earmarked to restructure debts maturing in October.
The terms: The two upcoming issuances each carry a one-year term and a fixed 10.5% annual interest rate, with semi-annual payments and an early redemption clause. The official issuance is expected in the fourth quarter of 2026.
The signal: SHS is leaning on short-dated debt to roll over maturing obligations rather than raise fresh growth capital. The absence of collateral on the planned tranches signals confidence from domestic investors in the firm's standing.
Read more: vietnam.vn
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