Corporate Bond Market Review - July 2024

Research date: 14/08/2024
This is an abstract of the Research Reports. Please click 'View Online' or 'Download' to access the full report
In July 2024, we observed four new bond defaults totaling VND 1.24 trillion from three real estate-related issuers, including two first-time defaulters. The cumulative default rate as of the end of July 2024 fell slightly to 15.1% from 15.6% in prior month as outstanding bonds grew faster than bond defaults. New issuances amounted to VND 42.8 trillion, contributing to the total new issuances year-to-date of VND 202.4 trillion. The market turnover declined to 7% of outstanding bonds from 8% in prior month.
Get Your Organization Rated and Assessed
Contact us