ACB mobilized nearly 28,000 billion VND in bonds in the first 9 months of 2024

Asia Commercial Joint Stock Bank (ACB) has just announced the results of the 3rd bond issuance, 2nd time in 2024.

Accordingly, the bank successfully mobilized VND 2,000 billion in bonds on September 25, 2024 in the domestic market. The bond lot has a term of 2 years, expected to mature in 2026. The issuance interest rate is 4.9%/year.

According to information from the Hanoi Stock Exchange, since the beginning of the year, ACB has issued a total of 12 bonds to the market with a total value of VND27,840 billion.

Of which, the bond codes with the largest value are up to 5,000 billion VND. In September 2024 alone, the bank mobilized 2 bond lots with a total value of 2,500 billion VND.

This year, the bank has not bought back any bond code before maturity. Regarding the payment of bond principal and interest, in the first half of 2024, ACB spent nearly VND454 billion to pay interest and VND11,350 billion to pay bond principal.

Information on bond codes mobilized by ACB in the first 9 months of 2024.

Previously, ACB announced the Board of Directors' Resolution on approving the bank's second private bond issuance plan in 2024.

The bank plans to issue a maximum of VND15,000 billion in bonds to the market, each bond has a face value of VND100 million or multiples of VND100 million, corresponding to a total number of bonds issued of 150,000 bonds.

Maximum term is 5 years. Interest rate depends on market demand, the General Director will decide whether the bond interest rate is fixed or floating, determined by the reference interest rate plus margin.

The bonds issued in the second phase are non-convertible, unsecured, and not secondary debt of ACB.

The purpose of issuing bonds is to serve lending and investment needs as well as ensure compliance with safety standards as prescribed by the State Bank of Vietnam.

In the last days of September, banks continuously mobilized bonds to the market. Previously, Vietnam International Commercial Joint Stock Bank (VIB) also announced the completion of the issuance of VND2,000 billion of bonds coded VIBL2427005 on September 27 with an interest rate of 5.1%/year.

Or Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) also issued to the market 2 bond lots HDBL2427016 and HDBL2432017 with a total value of 3,000 billion VND on September 27, 2024.

Tien Phong Commercial Joint Stock Bank (TPBank) also announced that it had successfully issued to the market two bond codes TPBL2427019 and TPBL2427020 on September 25 and 26 with a total value of VND 3,000 billion.

On September 26, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) also completed mobilizing 1,500 billion VND in bonds with code STBL2426002.

Source: https://www.nguoiduatin.vn/acb-huy-dong-gan-28000-ty-dong-trai-phieu-trong-9-thang-nam-2024-204241002101300841.htm