OCB buys back 1,500 billion VND of bonds before maturity

Orient Commercial Joint Stock Bank ( OCB ) has just announced information on the results of the early buyback of two bond codes OCBL2225006 and OCBL2225007.

Accordingly, the bank has bought back VND 1,000 billion worth of bonds coded OCBL2225006 issued on June 22, 2022, with a term of 3 years, expected to mature on June 22, 2025.

At the same time, OCB has bought back the OCBL2225007 bond lot with a total face value of VND500 billion. The bond code was issued on June 23, 2022, with a term of 3 years and will not mature until 2025. The above two bond lots both have an issuance interest rate of 4.4%/year.

Thus, in June 2024 alone, OCB has repurchased a total of 5 bond lots before maturity. Previously, the bank repurchased 3 bond codes OCBL2225003, OCBL2225005 with a face value of VND500 billion and bond lot OCBL2225004 with a face value of VND300 billion. In May, the bank also spent VND600 billion to repurchase bond code OCBL2225002.

Information on 2 lots of OCB bonds bought back before maturity.

In the first 6 months of 2024, OCB bought back 6 batches of bonds before maturity with a total expenditure of 3,400 billion VND. This year, OCB has not issued any batch of bonds.

On the same day, Bac A Commercial Joint Stock Bank ( Bac A Bank ) also announced information on the results of early buyback of bonds code BABL2225004.

The bond lot has a face value of VND 500 billion, a term of 3 years, issued on June 21, 2022 and is expected to mature in 2025. The issuance interest rate is 4.7%/year.

Since the beginning of 2024, Bac A Bank has repurchased a total of 6 bond lots with a total amount of 4,200 billion VND. Of which, the bond lot with the largest face value is BABL2225003 with 1,500 billion VND.

On the other hand, this year, Bac A Bank also successfully mobilized 4,500 billion VND through 6 bond lots. The bond lots all have a term of 3 years, issued between April and June 2024 and are expected to mature in 2027 .

Source: https://www.nguoiduatin.vn/ocb-mua-lai-1-500-ty-dong-trai-phieu-truoc-han-a669976.html