HDBank raised 5,700 billion VND through bond issuance in 2 days.

Ho Chi Minh City Development Commercial Bank ( HDBank - HoSE: HDB) has just announced the results of its bond issuance.

Specifically, the bank issued four consecutive tranches of bonds to the market on July 31st and August 1st, 2024. The total value of these bond tranches is VND 5,700 billion.

Of these, the largest bond issue is HDBL2427010 with an issuance value of VND 3,000 billion, issued on July 31, 2024, with a 3-year term, expected to mature on July 31, 2027. The issuance interest rate is 5.75% per annum.

Information regarding the bond issues by HDBank on July 31st and August 1st.

On the same day, HDBank raised funds through two bond issuances: HDBL2432008 with an 8-year maturity and HDBL2431009 with a 7-year maturity, valued at VND 500 billion and VND 200 billion respectively. The issuance interest rate for both bond codes was 7.47% per annum.

On August 1st, the bank issued bond issue HDBL2426011 with a face value of VND 2,000 billion, a 2-year term, and an expected maturity date in 2026.

Since the beginning of the year, HDBank has raised a total of 11 bond tranches with a total face value of VND 11,700 billion.

Conversely, in July, HDBank repurchased two bond issues, HDBL2229006 and HDBL2229008, with a total value of VND 150 billion, issued in 2022. These two bond issues have a 7-year maturity period and are expected to mature in 2029.

From July 17th to August 7th, 2024, HDBank also plans to offer its second tranche of bonds to the public. Accordingly, HDBank intends to raise funds through bond code HDBC7Y202302, with a face value of VND 100,000 per bond, for a total issuance value of VND 1,000 billion.

The bond issue has a 7-year maturity period and a floating interest rate, applicable for the entire term. The interest rate is calculated as the benchmark interest rate plus a margin of 2.8% per annum.

The minimum order quantity for individual investors is 500 bonds, equivalent to 50 million VND at face value.

The purpose of issuing bonds is to supplement Tier 2 capital, improve the capital adequacy ratio, and meet HDBank's customer lending needs.

Today, BIDV also announced the issuance of bond code BIDLH2432024 to the market with a total value of VND 1,500 billion, a term of 7 years, and expected maturity in 2032. The issuance interest rate is 5.88% per annum.

Source: https://www.nguoiduatin.vn/hdbank-huy-dong-5700-ty-dong-trai-phieu-trong-2-ngay-204240805183900403.htm