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Hoang Anh Gia Lai (HAG), led by Bau Duc, has completed the domestic issuance of the HAG12601 bond with a total value of 2 trillion VND and a 3-year tenor. The bond issue was conducted in the domestic market, comprising 20,000 bonds with a par value of 100 million VND each, totaling 2 trillion VND. Issuance and settlement were completed on 29 April 2026.
The HAG12601 bond is non-convertible, issued without warrants, and is secured. The Vietnam Securities Depository is the registrar for the bond. Related parties include Phuong Dong Bank (OCB) and OCBS.
Interest is structured as follows: for the first two coupon periods, the fixed interest rate is 10.5% per year. For subsequent coupon periods after the first two, the interest rate becomes floating, determined on each Interest Rate Setting Date and set equal to the reference rate for that period plus 2.5% per year.
All raised funds are earmarked to contribute to four business cooperation contracts (BCCs) to develop 4,407 hectares of coffee plantations. The projects are located in Gia Lai (Vietnam), Savannakhet (Laos), and Stung Treng (Cambodia).
In Q1 2026, Hoang Anh Gia Lai reported net profit of 1,172 billion VND, more than threefold compared with the same period last year (360 billion VND).
As of 31 March 2026, total assets were 26,223 billion VND, down by about 160 billion VND from the beginning of the year. Cash on hand decreased by more than half to 332 million VND.
Total liabilities were 10,261 billion VND, down nearly 2,000 billion VND from the year start (12,199). Financial debt totaled 6,798 billion VND, including short-term debt of 5,371 billion VND and long-term debt of 1,427 billion VND.
On 4 May, HAG shares closed at 16,350 VND per share, up 0.31% from the previous session, with more than 3.3 million shares traded. Market capitalization stood at more than 20,721 billion VND.
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