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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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F88 announces the public sale of bonds in the second tranche with a total value of VND 300 billion, corresponding to 3 million bonds, with subscription and deposit registration open from April 3 to 12:00 on May 4. According to the newly announced plan, the bonds have a tentative code F88126015, a face value of VND 100,000, a 24-month tenor. Fixed interest rate of 10% per year, with interest payments quarterly. The minimum subscription is 500 bonds, equivalent to VND 50 million. This is the second offering in the plan to issue 10 million bonds with total value of VND 1,000 billion to the public in 2026. Previously, 3 million bonds valued at VND 300 billion were opened for sale on January 10. The final tranche valued at VND 400 billion is expected to be issued in Q2-Q4/2026. Each offering period lasts up to 90 days, with no more than 12 months between tranches. F88 is projected to issue 10 million bonds to the public in 2026. The offering occurs as F88 records positive business results for 2025. Total outstanding customer loans reached VND 7,294 billion, with credit growth of 52%, higher than the broader financial-banking sector average (around 19%). The customer base rose to 1.4 million, with nearly 278,000 new customers counted in the previous year. Operational performance improved as well, with net profit after tax for 2025 at VND 702 billion, up significantly from the prior year and almost double 2024. Notably, the profit growth rate outpaced revenue, indicating cost control and improved asset quality. At the 2026 shareholders’ meeting, F88 set a target for consolidated pre-tax profit of about VND 1,133.8 billion, up 25% from 2025. Revenue is expected to reach VND 5,462 billion, implying roughly a 42% increase. Additionally, the company maintains a prudent leverage policy, keeping liquidity metrics for 30- and 90-day tenors above 100% to safeguard financial stability amid market fluctuations. In Q4/2025, FiinRatings raised F88’s credit rating from BBB- to BBB with a 'Stable' outlook, citing improved fundraising capability and liquidity. A representative said that the public bond offering this time is part of the 2026-2030 development strategy, aiming to become a leading consumer-finance group in Vietnam, while continuing to broaden access to medium- and long-term funding to support sustainable growth. The combination of public bond issuance and other fundraising channels is expected to optimize F88’s capital structure, strengthen liquidity foundations, and expand the investor base, enhancing the company’s position in the capital market. Minh Ngọc

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