SHB spends 450 billion VND to buy back bonds before maturity

Saigon - Hanoi Commercial Joint Stock Bank (HoSE:SHB ) has just sent a document to the Hanoi Stock Exchange announcing information about the results of the early bond repurchase.

Specifically, SHB repurchased all 450 bonds, each with a face value of VND 1 billion, equivalent to VND 450 billion, from bond issue code SHBH2124015.

This is the first batch of bonds repurchased by the bank in November. The bonds were issued on November 16, 2021, with a 3-year maturity. This means they will not mature until November 16, 2024.

According to information released on the HNX, this is a non-convertible, non-warrant corporate bond issue and is not subordinated debt of the issuer. The bonds are issued in book-entry form with certificates of ownership.

This bond issue has a fixed interest rate of 4.2% per annum for the entire term. It was issued privately with the aim of increasing the working capital of the issuer and supplementing funds for customer lending.

Information regarding the bond issue where SHB repurchased the bonds before maturity.

Previously, in October 2023, SHB also repurchased bonds ahead of schedule twice. Specifically, on October 27th, the bank repurchased a block of SHBH2124013 bonds with a face value of 1 billion VND per bond, equivalent to a total value of 600 billion VND. These bonds were issued on October 27th, 2021, with a 3-year term and are due to mature on October 27th, 2024.

On October 30th, the bank continued to repurchase 300 billion VND worth of bonds with code SHBH2124014, also with a 3-year maturity, issued on October 28th, 2021 and maturing on October 28th, 2024. Both bond issues have an issuance interest rate of 4.2% per year.

All three tranches of bonds repurchased by SHB within the past two months were advised, registered, and deposited by Saigon - Hanoi Securities Joint Stock Company .

Thu Huong

Source: https://www.nguoiduatin.vn/shb-chi-450-ty-dong-mua-lai-trai-phieu-truoc-han-a637169.html