OCB mobilizes 6,000 billion VND in bonds in August 2024

Orient Commercial Joint Stock Bank ( OCB ) has just announced information about bond issuance results on August 21.

Accordingly, the bank has successfully mobilized 1,000 billion VND of 3-year bond code OCBL2427011 in the domestic market. The bond lot is expected to mature on August 21, 2027. The issuance interest rate is 5.5%/year.

From June to August 2024, this bank issued a total of 11 bond lots to the market with a total value of VND 12,800 billion. In August 2024 alone, OCB successfully mobilized 5 bond lots with a total value of VND 6,000 billion.

Information on bond lots issued by OCB in August 2024.

Of which, the bond lot with the largest value is OCBL2426010 with a total issuance value of VND 2,000 billion, the bond lot was issued on August 13, 2024, with a term of 2 years, expected to mature in 2026. The issuance interest rate is 5.6%/year.

On the other hand, in the first 8 months of 2024, the bank also bought back 11 lots of bonds before maturity with a total expenditure of VND 8,400 billion.

August 30 will be the last registration date to close the list of shareholders exercising the right to receive dividends in OCB shares.

Accordingly, the bank plans to issue nearly 411 million additional shares with a 5:1 rights exercise ratio (each shareholder owning 5 shares will receive 1 right and for every 1 right will receive 1 new share).

The source of issuance is the accumulated undistributed profit after tax up to December 31, 2023, determined according to the audited consolidated financial statements. After the issuance, OCB's charter capital is expected to increase from VND 20,548 billion to nearly VND 24,658 billion.

Recently, banks have been continuously issuing bonds to raise capital from the market. Previously, on August 26, VietinBank also announced the successful mobilization of VND 1,000 billion in bonds on August 20, the CTGL2432009 bond lot has a term of 8 years, expected to mature in 2032 with an issuance interest rate of 5.88%/year.

On the same day, BAOVIETBank also announced information on the results of its private bond offering. Accordingly, bond code BVCCL2431002 was issued on August 23 with a total face value of VND800 billion, a term of 7 years, and is expected to mature in 2031. The issuance interest rate is 7.68%/year.

Source: https://www.nguoiduatin.vn/ocb-huy-dong-6000-ty-dong-trai-phieu-trong-thang-8-2024-204240827152958614.htm