Loc Phat Vietnam Commercial Joint Stock Bank (LPBank - HoSE: LPB) has just announced information on the results of early bond buyback for 2 bond codes LPBL2326003 and LPBL2325004 on September 26 and 27, 2024.
Accordingly, on September 26, LPBank conducted an early repurchase of VND 2,000 billion worth of bonds coded LPBL2326003. The bond lot was issued on September 26, 2023, with a term of 3 years and is expected to mature in 2026.
On September 27, the bank bought back VND 1,500 billion worth of bonds coded LPBL2325004 issued on September 27, 2023, with a term of 2 years, expected to mature in 2025. The total value of the 2 bonds that LPBank bought back was VND 3,500 billion.
According to data from the Hanoi Stock Exchange (HNX), since the beginning of the year, LPBank has repurchased 3 bond codes ahead of schedule with a total value of VND4,500 billion.
Information on LPBank bond codes bought back before maturity.
On the other hand, LPBank also announced the offering of 160 billion VND of LPBL2431004 bonds on September 30. The bonds have a term of 7 years, expected to mature in 2031. The issuance interest rate is 7.58%/year.
Since the beginning of 2024, LPBank has mobilized a total of 4 bond lots with a total value of VND 1,980 billion. In September 2024 alone, the bank mobilized 3 bond codes with a total face value of VND 1,580 billion.
Regarding LPBank's operations, recently, the bank's Board of Directors appointed Permanent Deputy General Director Vu Quoc Khanh to assume the position of Acting General Director in charge of the Bank's operations from October 4, 2024.
Mr. Vu Quoc Khanh was born in 1981, has a Bachelor's degree in Business Administration (National Economics University) with more than 22 years of experience working in the banking and finance sector in Vietnam, including 6 years working at the Bank for Agriculture and Rural Development of Vietnam (Agribank) and over 16 years working at LPBank.
LPBank's Board of Directors also assigned Mr. Ho Nam Tien to hold the position of Permanent Vice Chairman of the Board of Directors from October 4, 2024.
Mr. Ho Nam Tien was born in 1971, has a Master's degree in Banking. He has 30 years of experience working in the field of finance and banking and holds senior management roles in financial organizations and institutions.
This coming November, LPBank plans to hold an extraordinary General Meeting of Shareholders to approve the election of additional members to the Board of Directors.
Accordingly, the bank plans to elect two additional independent members to the Board of Directors, bringing the total number of Board members to nine, including three independent members. The list of candidates for the Board of Directors for the 2023-2028 term includes two individuals: Ms. Vuong Thi Huyen and Mr. Yew Teong Soon Alan.
Source: https://www.nguoiduatin.vn/lpbank-mua-lai-3500-ty-dong-trai-phieu-truoc-han-204241008161626853.htm
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