OCB mobilized 3,000 billion VND in bonds in 2 days

Orient Commercial Joint Stock Bank (OCB) has just announced information on the results of bond issuance. Accordingly, on August 7 and 8, OCB issued 3 lots of bonds to the market with a total value of 3,000 billion VND.

Specifically, on August 7, the bank issued a batch of bonds coded OCBL2426007 with a volume of 1,000 bonds, face value of 1 billion VND/bond, equivalent to a total value of 1,000 billion VND. The bond batch has a term of 7 years, expected to mature on August 7, 2026.

On August 8, OCB continued to mobilize 2 more bond codes OCBL2427008 and OCBL2427009 with a face value of 1,000 billion VND each. The term is 3 years and is expected to mature in 2027. All 3 bond lots have an issuance interest rate of 5.6%/year.

Information on bond lots issued by OCB on August 7 and 8.

From June to August 2024, this bank issued a total of 9 bonds to the market with a total value of VND 9,800 billion.

Of which, the two bond lots with the largest face value are OCBL2427002 and OCBL2427003, each lot is worth 1,500 billion VND.

On the other hand, on July 26, 2024, the bank conducted an early repurchase of VND 2,000 billion of bond code OCBL2326005 issued in 2023, expected to mature in 2026.

In the first 8 months of 2024, the bank bought back 11 batches of bonds before maturity with a total expenditure of VND 8,400 billion.

Previously, on August 12, Asia Commercial Joint Stock Bank (ACB) also announced the issuance of ACBL2427005 bonds worth VND170 billion to the market, with a term of 3 years, expected to mature in 2027.

Recently, OCB announced that it had received Mr. Nguyen Dinh Tung's resignation from the position of member of the Board of Directors according to his personal wishes.

In May 2024, the bank's Board of Directors approved Mr. Nguyen Dinh Tung's resignation from the position of General Director.

According to data compiled by the Vietnam Bond Market Association (VBMA) from HNX and SSC, as of the information announcement date of August 2, 2024, the market recorded 33 private corporate bond issuances worth VND 31,387 billion and 1 public issuance worth VND 395 billion in July 2024.

Accumulated from the beginning of the year until now, there have been a total of 175 private issuances worth VND168,433 billion and 12 public issuances worth VND14,586 billion.

The banking group is still leading in issuance value with a total value of VND 122,988 billion, equivalent to 67.2% of the total issuance value.

Source: https://www.nguoiduatin.vn/ocb-huy-dong-3000-ty-dong-trai-phieu-trong-2-ngay-204240813155917694.htm