LPBank raises 2,000 billion VND through bond issuance.

Loc Phat Vietnam Commercial Joint Stock Bank ( LPBank - HoSE: LPB) has just announced the results of its bond offering submitted to the Hanoi Stock Exchange (HNX).

Accordingly, the bank issued LPBL2427006 bonds to the domestic market on October 4th, with a face value of 1 billion VND per bond, totaling 2,000 bonds, equivalent to a total value of 2,000 billion VND. The bonds have a 3-year term, expected to mature in 2027. The issuance interest rate is 5.4% per annum.

According to data on the HNX (Hanoi Stock Exchange), from the beginning of 2024 to date, LPBank has raised a total of 6 bond tranches with a total value of VND 4,310 billion. In October 2024 alone, the bank raised funds from 2 bond issues with a total face value of VND 2,330 billion.

Information on LPBank's bond issuances from the beginning of 2024 to the present.

Conversely, at the end of September, LPBank also repurchased bonds ahead of schedule for two bond codes, LPBL2326003 and LPBL2325004, on September 26th and 27th, 2024.

Accordingly, on September 26th, the bank proceeded with the early repurchase of VND 2 trillion worth of bonds with code LPBL2326003. These bonds were issued on September 26th, 2023, with a 3-year term and were expected to mature in 2026.

On September 27th, the bank repurchased ahead of schedule 1,500 billion VND worth of LPBL2325004 bonds issued on September 27th, 2023, with a 2-year term, expected to mature in 2025. The total value of the two bond codes repurchased by LPBank is 3,500 billion VND.

Since the beginning of the year, LPBank has repurchased three bond issues ahead of schedule, with a total value of VND 4,500 billion.

Regarding banking operations, LPBank plans to hold an extraordinary general meeting of shareholders this coming November to elect additional members to the Board of Directors.

Accordingly, the bank plans to elect two additional independent members to the Board of Directors, bringing the total number of Board members to nine, including three independent members. The list of candidates for the Board of Directors for the 2023-2028 term includes two individuals: Ms. Vuong Thi Huyen and Mr. Yew Teong Soon Alan.

On the stock market, at the close of trading on October 14th, LPB shares fell 1.22% compared to the previous session to 32,450 VND/share with a trading volume of over 3.3 million units.

Since the beginning of the year, LPB's share price has increased by 128.52% from the reference price of VND 14,200 per share, with an average daily trading volume of nearly 4.4 million units.

Source: https://www.nguoiduatin.vn/lpbank-huy-dong-2000-ty-dong-trai-phieu-204241014151329394.htm