OCB raises 3,000 billion VND through bond issuance in 2 days.

Orient Commercial Bank (OCB ) has just announced the results of its bond issuance. Accordingly, on August 7th and 8th, OCB issued three tranches of bonds to the market with a total value of VND 3,000 billion.

Specifically, on August 7th, the bank issued bond issue code OCBL2426007 with a volume of 1,000 bonds, face value of VND 1 billion per bond, equivalent to a total value of VND 1,000 billion. The bond issue has a term of 7 years, expected to mature on August 7th, 2026.

On August 8th, OCB continued to raise funds through two more bond issues, OCBL2427008 and OCBL2427009, each with a face value of VND 1,000 billion. The bonds have a 3-year term and are expected to mature in 2027. All three bond issues have an issuance interest rate of 5.6% per annum.

Information on the bond issues launched by OCB on August 7th and 8th.

Between June and August 2024, this bank issued a total of 9 tranches of bonds to the market with a total value of VND 9,800 billion.

Of these, the two largest bond tranches are OCBL2427002 and OCBL2427003, each valued at VND 1,500 billion.

Conversely, on July 26, 2024, the bank repurchased 2 trillion VND of OCBL2326005 bonds issued in 2023, which were scheduled to mature in 2026.

In the first eight months of 2024, the bank repurchased 11 tranches of bonds ahead of schedule, with a total expenditure of VND 8,400 billion.

Earlier, on August 12th, Asia Commercial Bank (ACB ) also announced the issuance of bond lot ACBL2427005 worth VND 170 billion to the market. The bonds have a 3-year term and are expected to mature in 2027.

Recently, OCB announced that it had received a resignation letter from Mr. Nguyen Dinh Tung from his position as a member of the Board of Directors, at his own request.

In May 2024, the bank's Board of Directors accepted the resignation of Mr. Nguyen Dinh Tung from the position of General Director.

According to data compiled by the Vietnam Bond Market Association (VBMA) from HNX and SSC, as of the information disclosure date of August 2, 2024, the market recorded 33 private placement corporate bond issuances worth VND 31,387 billion and one public offering worth VND 395 billion in July 2024.

Cumulatively from the beginning of the year to date, there have been a total of 175 private placements worth VND 168,433 billion and 12 public offerings worth VND 14,586 billion.

The banking sector continues to lead in terms of issuance value, with a total value of VND 122,988 billion, equivalent to 67.2% of the total issuance value.

Source: https://www.nguoiduatin.vn/ocb-huy-dong-3000-ty-dong-trai-phieu-trong-2-ngay-204240813155917694.htm