Vietnam Maritime Commercial Bank (MSB) has just announced the results of its bond offering. Accordingly, MSB has issued bond lot MSBL2427003 with a 3-year term, expected to mature on May 16, 2027.
The total issuance volume is 1,000 bonds with a face value of VND 1 million per bond, corresponding to a total issuance value of VND 1,000 billion. The issuance interest rate is 3.9% per year.
According to data from the Hanoi Stock Exchange (HNX), MSB has raised a total of 3 bond tranches since the beginning of the year. The two previous tranches were MSBL2427001 and MSBL2427002.
Specifically, bond issue MSBL2427001 has a total issuance value of VND 800 billion and bond issue MSBL2427002 has a total issuance value of VND 2,000 billion. Both bond issues were launched in April, with a 3-year maturity and an interest rate of 3.9% per annum. Thus, in the first five months of 2024, MSB raised VND 3,800 billion through bond issuance.
Previously, on May 15th, Bac A Bank issued bond code BABL2427002 with a total value of VND 500 billion. The bond has a 3-year term, expected to mature in 2027, with an issuance interest rate of 5.1% per annum.
On May 14th, VietABank also issued bond issue VABCLH2431001 with a total value of VND 230 billion, a 7-year term, and an expected maturity date of 2031.
On May 10th, two bond codes, BIDLH2431001 and TCBL2427002, were issued by the Vietnam Investment and Development Bank ( BIDV ) and the Vietnam Technological and Commercial Bank (Techcombank) .
Specifically, BIDV 's BIDLH2431001 bond issue , issued on May 10, 2024, has a 7-year maturity, was issued in the domestic market with a total value of VND 950 billion, and an issuance interest rate of 5.78% per annum. This is the first bond issue issued by BIDV this year.
Techcombank 's TCBL2427002 bond issue has a total issuance value of VND 1,500 billion, a 36-month term, and is expected to mature on May 10, 2027, with an issuance interest rate of 4.8% per annum. Since the beginning of the year, Techcombank has raised a total of VND 4,500 billion through bond issuance.
Ho Chi Minh City Development Commercial Bank (HDBank) also issued bond issue HDBL2427001 on May 9, 2024, with a total value of VND 2,000 billion, a 3-year term, and an issuance interest rate of 4.8% per annum.
Thus, in May alone, a total of six banks raised capital through bond issuance, including HDBank, Techcombank, BIDV, MSB, Bac A Bank, and VietABank, with a total amount raised of VND 6,180 billion.
Regarding its upcoming issuance plan, HDBank has approved a private placement bond issuance plan for phase 1 of 2024, divided into two tranches with a maximum total value of VND 8,000 billion and VND 12,000 billion respectively.
BIDV plans to issue 8,000 billion VND in privately placed bonds with maturities exceeding 5 years for phase 1 and up to 6,000 billion VND in phase 2 in 2024 to increase its Tier 2 capital. According to BIDV, the Tier 2 capital will be used by the bank to lend to the economy, invest, and/or carry out other permitted activities as stipulated by law.
Conversely, many banks have also taken steps to repurchase bond issues ahead of schedule. Specifically, Southeast Asia Commercial Joint Stock Bank (SeABank) announced the early repurchase of the entire VND 500 billion bond issue SSBH225002, issued on May 5, 2022, with a 3-year term, expected to mature on May 5, 2025.
MSB also repurchased the entire VND 1,000 billion worth of bonds with code MSBL2225002 issued on May 17, 2022, with a 3-year term, expected to mature on May 12, 2025.
According to FiinRatings' data as of May 2nd, 2024, the market saw 13 new bond issuances in April with a total value of VND 13,900 billion, a 29.1% increase compared to the previous month and 5.2 times higher than the same period last year. Besides the real estate sector, which remains dominant, banks also significantly increased their fundraising activities through bond issuance.
FiinRatings notes that banks are stepping up bond issuance amid signs of reduced market liquidity, evidenced by the overnight interbank interest rate jumping above 4% in April.
This is a result of the State Bank of Vietnam's continuous withdrawal of liquidity through open market operations (OMO) in recent times; at the same time, deposit mobilization from the public by credit institutions also slowed down in the first quarter of 2024, recording a decrease of 0.76% compared to the end of 2023 (data from the General Statistics Office).
Banks are also increasing fundraising through bond issuance to supplement medium- and long-term capital, as regulations on the ratio of short-term capital to medium- and long-term lending are tightened, and to balance capital in preparation for a recovery in credit growth this year .
Source: https://www.nguoiduatin.vn/ngan-hang-day-manh-huy-dong-von-qua-kenh-trai-phieu-a664770.html
![[Photo] Prime Minister Pham Minh Chinh holds a phone call with the CEO of Russia's Rosatom Corporation.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765464552365_dsc-5295-jpg.webp&w=3840&q=75)
Comment (0)