Vietnam Bank (VBB) issues bonds to public in third phase

The expected release date is March 27th. Recently, Vietnam Bank Tien Commercial Joint Stock Bank (Vietnam Bank – Code: VBB) announced that it has received the public bond issuance registration certificate issued by the National Securities Bureau on July 12, 2022 and December 29, 2023, numbered 202/GCN- UBCK Committee.

Therefore, the Bank of Vietnam issued 100,000 bonds to the public in the third phase, equivalent to VND1 trillion. Such bonds are non-convertible, do not contain warrants, are unsecured, have a term of 7 years, and pay interest regularly once a year.

The bond interest rate is a floating interest rate, calculated based on the reference interest rate plus a spread of 2.5% in the first five years and a spread of 3.5% in the next two years. The minimum amount to register for bond purchase is 5 bonds, equivalent to VND 50 million.

The expected release date is March 27th. Investors can register to purchase bonds at Vietnam Bank trading points from January 10 to March 26.

The funds raised from the third round of public bond issuance will be used by Vietnamese banks to supplement capital resources and meet customers’ loan needs for medium- and long-term projects, while ensuring the limits and safety rates of banking business.

The third phase of the public bond issuance of the Bank of Vietnam was carried out in accordance with the Commission’s issuance registration certificate No. 202/GCN-UBCK on July 12, 2022 and Document No. 9455/UBCK-QLCB on December 29, 2023. The third stage of public bond issuance reporting documents.

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