69 investors purchased 10 million HDBank bonds.

Ho Chi Minh City Development Commercial Bank ( HDBank - HoSE: HDB) has just announced the results of its second public bond offering in 2023.

Accordingly, HDBank successfully offered 10 million bonds with a total value of VND 1,000 billion to a total of 69 investors.

This included 58 individual investors, all domestic investors, who registered to purchase 561,250 bonds. However, the bank distributed only 519,583 bonds, equivalent to a distribution rate of 5.2%.

Additionally, 10 domestic institutional investors purchased 9.99 million bonds of the bank and were allocated nearly 9.25 million bonds, representing 92.49%. Finally, one foreign institutional investor registered to purchase 250,000 bonds and received 231,454 bonds, corresponding to an allocation rate of 2.31%.

Information regarding the results of HDBank's second bond offering in 2023.

Within 30 days of the end of the offering period, investors will receive the original Certificate of Bond Ownership and/or the original extract from the Register (if requested by the bondholder), unless the investor has authorized the issuer to handle the centralized custody procedure.

Previously, HDBank also announced a second public offering of bonds. Accordingly, HDBank plans to issue bonds with the code HDBC7Y202302 to the public, with a face value of 100,000 VND per bond, for a total issuance value of 1,000 billion VND.

The bond issue has a 7-year maturity period, with subscriptions open from July 17, 2024 to August 7, 2024. The bonds have a floating interest rate, applicable for the entire term. The interest rate is calculated as the reference interest rate plus a margin of 2.8% per annum.

In 2023, HDBank plans to offer three tranches of bonds to the public, totaling 50 million bonds.

In the first phase, the bank offered 30 million bonds to the public, and in the second and third phases, each offering 10 million bonds.

HDBank's third bond offering is expected to take place in the second to fourth quarters of 2024. The purpose of raising funds through bonds is to supplement Tier 2 capital, improve the capital adequacy ratio, and meet HDBank's customer lending needs.

According to information from the Hanoi Stock Exchange, in the first eight months of 2024, HDBank raised a total of 11 bond tranches with a total value of VND 11,700 billion.

Of these, the largest bond issue, with a face value of VND 3,000 billion (code HDBL2427010), was issued on July 31, 2024, with a 3-year term, expected to mature in 2027. The issuance interest rate is 5.7% per annum.

Source: https://www.nguoiduatin.vn/69-nha-dau-tu-mua-10-trieu-trai-phieu-hdbank-204240816212450259.htm