F88 offers 3 million bonds to the public

According to the newly announced plan, the bond has expected code F88126015, par value of 100,000 VND, term of 24 months. Fixed interest rate of 10% per year, periodic payments every 3 months. The minimum registration level is 500 bonds, equivalent to 50 million VND.

This is the second offering in the enterprise’s plan to issue 10 million bonds with a total value of 1,000 billion VND to the public in 2026. Previously, 3 million bonds worth 300 billion VND were opened for sale on January 10. The final tranche is worth 400 billion VND, expected to be issued in the second-fourth quarter of 2026. According to the plan, each offering period lasts a maximum of 90 days, with the gap between periods not exceeding 12 months.

The offering took place in the context of F88 recording many positive business results in 2025. Total outstanding customer loans reached VND 7,294 billion, credit growth reached 52%, higher than the average level of the finance – banking industry (about 19%). Customer size also increased to 1.4 million people, of which nearly 278,000 new customers were recorded last year.

Operational efficiency has also improved, profit after tax in 2025 will reach 702 billion VND, a sharp increase compared to the previous year and nearly double that of 2024. Notably, the profit growth rate exceeding revenue shows that businesses are controlling costs and improving asset quality.

At the 2026 Shareholders’ Meeting, F88 sets a consolidated pre-tax profit target of about 1,133.8 billion VND, an increase of 25% compared to 2025. Revenue is expected to reach 5,462 billion VND, corresponding to an increase of about 42%.

In addition, the business maintains a cautious leverage policy, keeping 30- and 90-day liquidity ratios above 100%, to ensure financial safety against market fluctuations.

In the fourth quarter of 2025, FiinRatings upgraded F88’s credit rating from “BBB-” to “BBB” with a “Stable” outlook, recognizing the improvement in the business’s capital mobilization capacity and liquidity.

F88 representative said that the implementation of this public bond offering is part of the development strategy for the period 2026-2030, with the goal of becoming a leading corporation in the field of popular finance in Vietnam. At the same time, businesses continue to expand access to medium and long-term capital sources to serve sustainable growth.

The combination of bonds issued to the public and other capital mobilization channels is expected to help F88 optimize its financial structure, strengthen its liquidity foundation and expand its investor file, thereby enhancing its position in the capital market.