Low-profile company raises 8 trillion VND in bond issuance in a single day

On 31 March 2026, Time Era New T&T announced the successful issuance of NTJ12601 bonds with a par value of VND 100 million per bond. The company issued 80,000 bonds, raising a total of VND 8,000 billion. The notes have a 48-month tenor and are due on 31 March 2030. According to the Hanoi Stock Exchange (HNX), the issue carries an annual coupon rate of 10.5%. Details on bondholder rights, use of proceeds, collateral, and other terms were not disclosed.

Recent bond issuances

In addition to NTJ12601, Time Era New T&T issued two other bond series on 14 October 2025:

• NTJ12501: 55,500 bonds, face value VND 100 million each, total value VND 5,500 billion. Tenor: 36 months, due 14 October 2028.
• NTJ32502: total value VND 2,500 billion, tenor 12 months.

Security arrangements and cooperation contracts

Prior to these issuances, the company secured rights under a business cooperation contract dated 9 October 2025 and related agreements to pledge assets with Techcombank (TCB). Transfer contracts and related agreements with Capitaland Tower (CTC) were also cited as underpinning security arrangements.

PV’s reporting also indicates that SDI and TCO signed a business cooperation contract to co-invest with SDI, enabling Time Era New T&T to pay part of the transfer price. Specifically, the business cooperation contract (1003/2025/HTĐT/SDI-TCO) took effect on 10 March 2025 to contribute capital for the cooperation involving SDI and Time Era New T&T to pay part of the transfer price to VE FAC.

Project links to Vinhomes Cổ Loa and The Grand Hanoi

Time Era New T&T is described as the investor behind The Grand Hanoi site, associated with Vinhomes Global Gate within the Vinhomes Cổ Loa project, where VE FAC is identified as the investor. In March 2025, Hanoi authorities approved VE FAC’s transfer of part of Vinhomes Cổ Loa to Time Era New T&T.

The transferred portion covers about 75 hectares, including 43 hectares of residential land and 32 hectares of public land. The total investment for the transferred portion is reported at around VND 30,360.5 billion, with clearance and construction underway.

Company background and representatives

Time Era New T&T was founded in late 2006 and is headquartered in Hanoi. The company’s charter capital is reported at around VND 11 trillion as of January 2026. Its legal representatives are listed as Nguyen Van Hai (Chairman) and Phung Thi Minh (CEO). Minh is also reported to represent Thanh Quang Investment Development Co., whose registered capital reportedly increased to VND 11.8 trillion in December 2025.

The company is identified as the developer of The Grand Hanoi site. The project history cited includes the 2010 purchase of a 4,000 m2 parcel at 22–24 Hang Bai, which later developed into The Grand Hanoi. In October 2020, Time Era New T&T began business operations for the The Grand Hanoi mixed-use project at 22–24 Hang Bai and 25–27 Hai Ba Trung, and pledged assets to TCB for financing.

Source: HNX.