In 2 months, ACB successfully mobilized 15,000 billion VND from bonds.

The Hanoi Stock Exchange (HNX) has just announced the bond issuance results of Asia Commercial Joint Stock Bank (ACB). Accordingly, ACB issued bond lot ACBL2325006 on September 19 with an issuance volume of 2,000 bonds.

These are non-convertible bonds, without warrants, without assets and are not subordinated debt of ACB. The bonds have a maximum term of 5 years and a fixed interest rate throughout the term. The bond lot has a term of 2 years, the registration date for issuance is September 19, 2023 and the maturity date is September 19, 2025, issued in the domestic market and has an issuance interest rate of 6.5%/year.

It is known that the bonds issued are to serve lending and investment needs as well as ensure compliance with safety standards as prescribed by the State Bank.

According to research, in July 2023, the Board of Directors of ACB Bank approved a bond issuance plan with a maximum total size of VND 20,000 billion.

In September alone, ACB mobilized 2 lots of bonds coded ACBL2325004 with a volume of 15,000 bonds, equivalent to a total issuance value of VND 1,500 billion and ACBL2325005 with an issuance volume of 50,000 bonds, a total issuance value of VND 5,000 billion.

Notably, the previous 5 bond lots all had the same face value of 100 million VND/bond, while lot ACBL2325006 has a face value of up to 1 billion VND/bond. With 6 bond lots issued, ACB has mobilized a total of 15,000 billion VND from bonds.

Thus, up to now, this is the 6th bond batch issued by this bank since the plan was approved. These bond batches all have a fixed interest rate of 6.5%/year and will be bought back before maturity according to the agreement of both parties.

The organization that performs the depository registration for these transactions is the Vietnam Securities Depository and Clearing Corporation and the related organization is VNDirect Securities Joint Stock Company.

On the stock market, at the end of today's trading session, September 27, ACB shares closed at 22,000 VND/share.

Source