The newly announced plan outlines bonds with a provisional code F88126015, a par value of 100,000 VND, and a 24-month term. They carry a fixed interest rate of 10% per year, payable every three months. The minimum subscription is 500 bonds, equivalent to 50 million VND.

This is the second offering in the company's 2026 plan to issue 10 million bonds, totaling 1,000 billion VND, to the public. Previously, 3 million bonds worth 300 billion VND went on sale on 10/1. The final tranche, valued at 400 billion VND, is expected to be issued during QII-QIV/2026. Each offering is planned to last a maximum of 90 days, with intervals between tranches not exceeding 12 months.

F88 plans to issue 10 million bonds to the public in 2026. *Photo: F88*

This offering follows F88's positive business results in 2025. Total outstanding customer loans reached 7,294 billion VND, with credit growth hitting 52%, significantly higher than the finance and banking sector's average of approximately 19%. The customer base expanded to 1.4 million people, including nearly 278,000 new customers acquired last year.

Operational efficiency also improved, with profit after tax reaching 702 billion VND in 2025, a substantial increase from the previous year and nearly double that of 2024. Notably, profit growth outpaced revenue, indicating effective cost control and improved asset quality.

At its 2026 annual general meeting of shareholders, F88 set a consolidated pre-tax profit target of approximately 1,133.8 billion VND, representing a 25% increase over 2025. Revenue is projected to reach 5,462 billion VND, an increase of about 42%.

The company also maintains a prudent leverage policy, keeping 30-day and 90-day liquidity ratios above 100%. This ensures financial stability amidst market fluctuations.

In QIV/2025, FiinRatings upgraded F88's credit rating from "BBB-" to "BBB" with a "stable" outlook. This upgrade recognized the company's improved capital mobilization capabilities and liquidity.

An F88 representative stated that this public bond offering is a part of its 2026-2030 development strategy. The goal is to become the leading group in Vietnam's affordable finance sector. The company also aims to expand access to medium and long-term capital sources to support sustainable growth.

Combining public bond offerings with other capital mobilization channels is expected to optimize F88's financial structure, strengthen its liquidity foundation, and expand its investor base, thereby enhancing its position in the capital market.

Minh Ngoc