HCM CITY — Coteccons Construction Joint Stock Company has successfully issued corporate bonds worth VNĐ1.4 trillion (US$54.2 million).

The bonds have a three-year tenor and a coupon rate of 9 per cent.

The issuance aligns with the company’s long-term financial strategy to diversify funding sources, optimise its capital structure, and maintain liquidity for stable operations.

Amid a still-cautious corporate bond market, Coteccons said the unsecured bond issuance demonstrates strong investor confidence in the company’s financial strength, governance standards and long-term growth prospects.

The proceeds from the issuance will be used in line with its approved plan to support business operations and facilitate expansion during the 2025–30 growth cycle.

SSI acted as advisor and bond distributor for the transaction.

In January SSI also participated in BIDV’s private bond issuance worth approximately VNĐ10 trillion ($385.7 million), serving as structuring advisor and investor connector, with the participation of 33 domestic and foreign institutional investors.

At the time of issuance, Coteccons maintained a solid financial position and delivered strong business performance.

In the first six months of fiscal year 2026 (June 1–December 31, 2025) the company recorded year-on-year revenue growth of nearly 50 per cent to VNĐ17.46 trillion ($676.38 million), while net profit surged 165 per cent to VNĐ523 billion ($20.26 million).

Coteccons’ backlog at the end of the second quarter of 2026 was VNĐ62.5 trillion ($2.4 billion), the highest level in the company’s history, reinforcing its financial capacity and ability to meet all bond-related obligations. —VNS