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

Orient Commercial Bank (OCB ) has just announced information regarding the early repurchase of two bond codes, OCBL2225006 and OCBL2225007.

Accordingly, the bank repurchased VND 1,000 billion worth of bonds with code OCBL2225006 issued on June 22, 2022, with a 3-year term, and expected to mature on June 22, 2025.

Simultaneously, OCB repurchased bond issue OCBL2225007 with a total face value of VND 500 billion. The bonds were issued on June 23, 2022, with a 3-year term and are due in 2025. Both bond issues have an issuance interest rate of 4.4% per annum.

Thus, in June 2024 alone, OCB repurchased a total of 5 bond tranches ahead of schedule. Previously, the bank repurchased 3 bond codes: OCBL2225003 and OCBL2225005 with a face value of VND 500 billion each, and bond tranche OCBL2225004 with a face value of VND 300 billion. In May, the bank also spent VND 600 billion to repurchase bond code OCBL2225002.

Information regarding the early repurchase of two tranches of OCB bonds.

In the first six months of 2024, OCB repurchased six tranches of bonds ahead of schedule, with a total expenditure of VND 3,400 billion. OCB has not issued any bonds this year.

On the same day, Bac A Commercial Joint Stock Bank ( Bac A Bank ) also announced information regarding the early repurchase of bonds with code BABL2225004.

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

From the beginning of 2024 until now, Bac A Bank has repurchased a total of 6 bond tranches with a total value of VND 4,200 billion. Of these, the largest bond tranche is BABL2225003 with a face value of VND 1,500 billion.

Conversely, this year, Bac A Bank also successfully raised VND 4,500 billion through 6 bond tranches. All bond tranches have a 3-year maturity, were 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