The Hanoi Stock Exchange (HNX) has just announced the results of the bond issuance by Asia Commercial Bank (ACB). Accordingly, ACB issued bond lot ACBL2325006 on September 19th with an issuance volume of 2,000 bonds.
These are non-convertible, unsecured bonds, not subordinated debt of ACB. The bonds have a maximum term of 5 years and a fixed interest rate throughout the term. This bond issue has a term of 2 years, the registration date is September 19, 2023 and the maturity date is September 19, 2025, issued in the domestic market and with an issuance interest rate of 6.5% per annum.
It is understood that the bonds were issued to meet lending and investment needs, as well as to ensure compliance with safety standards as stipulated by the State Bank of Vietnam.
According to our findings, in July 2023, the Board of Directors of ACB Bank approved a plan to issue bonds with a total maximum size of 20,000 billion VND.
In September alone, ACB raised funds through two bond issuances: ACBL2325004 with 15,000 bonds, equivalent to a total issuance value of VND 1,500 billion, and ACBL2325005 with 50,000 bonds, total issuance value of VND 5,000 billion.
Notably, the previous five bond tranches all had a face value of 100 million VND per bond, while tranche ACBL2325006 had a face value of up to 1 billion VND per bond. With six bond tranches issued, ACB has raised a total of 15,000 billion VND through bond issuance.
Thus, to date, this is the sixth tranche of bonds issued by this bank since the plan was approved. These bonds all have a fixed interest rate of 6.5% per year and will be repurchased early according to the agreement of both parties.
The organization responsible for registering and depositing these transactions is the Vietnam Securities Depository and Clearing Corporation, and the related organization is VNDirect Securities Joint Stock Company.
On the stock market, at the close of trading today, September 27th, ACB shares closed at 22,000 VND per share.
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