Previously, Bac A Commercial Joint Stock Bank successfully conducted two public bond issuances in 2022. With the capital added to Tier 2 capital, Bac A continues to affirm its stable financial health, timely supply of capital to the economy, ensuring safety ratios in operations and growth targets approved by the State Bank.
Bac A Bank's 2022 Public Bonds - Phase 3 continue to be non-convertible bonds, without warrants, without collateral. The product is widely offered to all subjects (including individual/organizational customers in Vietnam and abroad), providing opportunities to diversify investment portfolios and increase value, optimizing capital effectively to a large number of customers.
Bac A Bank bonds have a face value of VND 100,000/bond; maturity of 07 years for the two symbols BAB202203-07L, BAB202203-07C, and 08 years for the symbol BAB202203-08C. The expected time to buy back the bonds is 18, 24 and 36 months from the date of issuance, corresponding to each bond symbol.
Applying attractive interest rates each year, the 2022 Public Bonds - Phase 3 of Bac A Bank helps customers access a safe and stable source of profit. Specifically, customers enjoy an interest rate that is always higher than the 12-month term deposit interest rate, and receive interest periodically every 12 months.
The deadline for Bac A Bank to register and receive money to buy bonds is from September 25, 2023 to 9:00 a.m. on October 16, 2023. Bonds are distributed directly at the Head Office and the Bac A Bank Branch/Transaction Office system nationwide. With simple procedures, individual investors and institutional investors only need a minimum amount of VND 50,000,000 and VND 100,000,000 respectively to easily own Bac A Bank bonds to accumulate, even use capital flexibly through mortgage and transfer.
After the end of the offering, Bac A Bank bonds will be centrally registered at the Vietnam Securities Depository (VSD) and listed on the Hanoi Stock Exchange (HNX) to create better liquidity for investors, in compliance with the Government's orientation for developing a healthy and transparent bond market. Moreover, Bac A Bank will allow customers to proactively trade or take out bond mortgage loans at super competitive interest rates when sudden financial needs arise.
For detailed information about Bac A Bank's 2022 Public Bonds product, please visit the website www.baca-bank.vn, contact Customer Care Center 1800 588 828 (free) or receive direct consultation at Bac A Bank Branches/Transaction Offices nationwide.
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