Vietnam's leading industrial park developer Becamex IDC raises $75 mln in latest bond issuance
Becamex IDC (HoSE: BCM), a leading Vietnamese industrial park developer, has raised VND2 trillion ($75.4 million) in its latest bond issuance.
The company sold 20,000 bonds, coded BCM12502, under a private placement on August 29, with a face value of VND100 million ($3,771) each, according to a filing with the Hanoi Stock Exchange (HNX).
A Vietnam-Singapore Industrial Park (VSIP) co-developed by Becamex IDC in Nghe An province, central Vietnam. Photo courtesy of VSIP.
The four-year bonds carry a blended rate of 10.5% and mature on August 29, 2029. Details of bondholders, collateral and use of proceeds were not disclosed.
Earlier, on August 6, Becamex IDC issued VND500 billion ($18.8 million) worth of three-year bonds (BCMH12501).
On September 3, the company repaid VND800 billion ($30.2 million) in principal and more than VND35 billion ($1.32 million) in interest on bond batch BCMH2025002, completing the VND2 trillion issuance that matured on August 31.
In the first half of 2025, Becamex IDC spent more than VND643 billion ($24.3 million) on interest payments on 12 outstanding bond batches.
Separately, the company said it is seeking shareholder approval for a second-round vote on renaming itself “Becamex Group” and relocating its headquarters to mPlaza Saigon in downtown Ho Chi Minh City.
On the Ho Chi Minh Stock Exchange (HoSE), BCM shares closed Friday at VND67,700 ($2.5) each.
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