Thang Long Company successfully raised 763 billion VND through the issue of THL12602 bonds. The company announced the bond issuance results to the Hanoi Stock Exchange (HNX). On June 29, 2026, Thang Long issued 7,630 bonds with a face value of 100 million VND each, for a total issuance value of 763 billion VND. The bonds have a 60-month tenor and mature on June 29, 2031. Details about bondholders, collateral, and the purpose of issuance were not disclosed. According to HNX, the THL12602 issue carries a coupon rate of 10.39%. The offering includes a mandatory repurchase obligation of 50% of the outstanding bonds after 48 months from the issue date. The company may repurchase part or all of the bonds under an agreement with bondholders. If there are violations related to the issuance that cannot be remedied under regulations, Thang Long must repurchase all outstanding bonds. The issuer also has an obligation to repurchase bonds at investors’ request if the terms or conditions of the bond issue change without consent from 65% of bondholders. This is Thang Long’s second bond issue in 2026; previously, on April 24, 2026, the company issued 459 billion VND of THL12601 with a 60-month tenor and a planned maturity of April 24, 2031.
The issuer did not disclose the purpose of the THL12602 issuance, nor details on the bondholders or collateral in its filing with the Hanoi Stock Exchange.
This is Thang Long’s second bond issue in 2026. The company previously issued THL12601 on April 24, 2026, amounting to 459 billion VND with a 60-month tenor and a planned maturity of April 24, 2031.
The THL12602 issuance provides Thang Long with funding tied to a 60-month tenure and a fixed coupon of 10.39%. The instrument includes a mandatory repurchase clause after 48 months (50% of outstanding bonds) and a requirement to repurchase upon certain changes to terms without majority bondholder consent (65%). The company’s second 2026 bond issue follows an earlier THL12601 issuance in April 2026. Collateral arrangements to VietinBank were established prior to the THL12601 issuance, pledging assets related to the Eurowindow River Park project, excluding land rights.
The article does not include commentary from analysts or experts regarding the THL12602 issuance or Thang Long’s financing strategy.
