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 – HoSE: ACB). Specifically, ACB issued bond lot ACBL2325006 on September 19, 2023 with an issuance volume of 2,000 bonds.

Each bond has a face value of VND 1 billion, with a total issuance value of VND 2,000 billion. The bond lot has a term of 2 years, maturity date is September 19, 2025, issued in the domestic market with an interest rate of 6.5%/year.

Last July, ACB's Board of Directors approved the plan to issue individual bonds for the first time in 2023 with a maximum total size of VND20,000 billion. ACB will issue a maximum of 200,000 bonds in 20 tranches with a face value of VND100 million/bond or multiples of VND100 million. The issuance price is equal to the face value.

This is a non-convertible bond, without warrants, without assets and is not a subordinated debt of ACB. The bond has a maximum term of 5 years and has a fixed interest rate throughout the term.

The purpose is to serve lending and investment needs as well as ensure compliance with safety standards as prescribed by the State Bank.

In August, ACB successfully issued 3 lots of bonds ACBL2325001, ACBL2325002 and ACBL2325003 with a total volume of 65,000 bonds, worth VND100 million/bond, total issuance value of VND6,500 billion.

By September, ACB continued to mobilize 2 lots of bonds with code   ACBL2325004 has a volume of 15,000 bonds, equivalent to a total issuance value of VND 1,500 billion and ACBL2325005   The issuance volume is 50,000 bonds, with a total issuance value of 5,000 billion VND.

Thus, in just 2 months, this is the 6th bond batch issued by this bank since the plan was approved. With the issued bond batches, ACB has successfully mobilized a total of 15,000 billion VND from bonds.

On the stock market, at the end of the trading session on September 27, 2023, ACB shares increased by 0.46% to VND 22,000/share with a trading volume of more than 5.6 million units .

Thu Huong

Source: https://www.nguoiduatin.vn/acb-thanh-cong-huy-dong-15000-ty-dong-tu-trai-phieu-a628507.html