Sacombank mobilizes 1,500 billion VND in bonds

Saigon Thuong Tin Commercial Joint Stock Bank ( Sacombank - HoSE: STB) has just announced information on the results of its private bond offering.

Accordingly, the bank has successfully mobilized the STBL2426003 bond lot in the domestic market. The bond lot has a total value of VND 1,500 billion, issued on October 7, 2024, with a term of 2 years and expected to mature in 2026. The issuance interest rate is 6%/year.

According to data from the Hanoi Stock Exchange (HNX), this year, Sacombank has issued a total of 3 bond lots with a total value of VND5,000 billion.

Sacombank bond information.

Of which, the bond code with the largest value is STBL2426001, issued on September 9 with a total face value of VND 2,000 billion, a term of 2 years, expected to mature in 2026. The issuance interest rate is 6%/year. In September 2024 alone, the bank issued VND 3,500 billion in bonds.

On the other hand, this year, Sacombank has repurchased two bonds STBL2225002 and STBL2225004 with a total value of VND1,000 billion, each bond lot worth VND500 billion. The above bond lots were all issued in April 2022, with a term of 3 years and are expected to mature in 2025.

Regarding the payment of bond principal and interest, in the first 6 months of 2024, Sacombank paid 42 billion VND in interest and 1,000 billion VND in bond principal.

Also today, Loc Phat Vietnam Joint Stock Commercial Bank ( LPBank ) announced that it had completed mobilizing 330 billion VND of bonds coded LBPL2431005 on October 2, 2024. The bond lot has a term of 7 years, expected to mature in 2031. The issuance interest rate is 7.58%/year.

Tien Phong Commercial Joint Stock Bank also announced that it had issued bond code TPBL2434021 worth VND 27.6 billion on October 2, with a term of 10 years, expected to mature in 2034. The issuance interest rate is 6.88%/year.

According to data from the Vietnam Bond Market Association (VBMA) compiled from HNX and SSC, as of the information announcement date of September 30, 2024, there were 24 private corporate bond issuances worth VND 22,333 billion and 1 public issuance worth VND 1,467 billion in September 2024.

Accumulated from the beginning of the year to September 30, there were 268 private issuances worth VND250,396 billion and 15 public issuances worth VND27,054 billion. Of which, bank bonds took the lead, accounting for 70.9% of the total bond value, while real estate bonds ranked second, accounting for a modest 17.9%.

Source: https://www.nguoiduatin.vn/sacombank-huy-dong-1500-ty-dong-trai-phieu-204241009151944916.htm