HDBank is about to mobilize 1,000 billion VND in bonds in the second phase

Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has just announced the second public offering of bonds . Accordingly, HDBank plans to issue to the public bond code HDBC7Y202302 with a face value of VND 100,000/ bond , total issuance value of VND 1,000 billion.

The bond lot has a term of 7 years, registration period: From July 17, 2024 to August 7, 2024.

Floating rate bonds , applied for the entire term of the bond . Interest is calculated using the reference rate plus a margin of 2.8%/year.

The minimum purchase quantity for individual investors is a minimum of 500 bonds , equivalent to VND 50 million at par value.

For institutional investors , the minimum is 1,000 bonds , equivalent to 100 million VND at par value. To avoid confusion, investors can only register to buy an even number of bonds .

HDBank's bond lots will be issued in 2024.

In 2023, HDBank plans to offer 3 rounds of bonds to the public with a total of 50 million bonds . In the first round, the bank offered 30 million bonds to the public, and in the second and third rounds, each round offered 10 million bonds .

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

Since the beginning of the year, HDBank has mobilized a total of 5 bond lots with a total face value of VND 4,500 billion. Of which, the bond lot with the largest face value of VND 2,000 billion, code HDBL2431001, was issued on May 9, 2024, with a term of 3 years, expected to mature on May 9, 2027. The issuance interest rate is 4.8%/year.

Source: https://www.nguoiduatin.vn/hdbank-sap-huy-dong-1000-ty-dong-trai-phieu-dot-2-204240711092037447.htm