Five banks including Asia Commercial Joint Stock Bank (ACB), Maritime Commercial Joint Stock Bank (MSB), Southeast Asia Commercial Joint Stock Bank (SeABank), Orient Commercial Joint Stock Bank (OCB), and HCM City Development Commercial Joint Stock Bank (HDBank) have announced their private bond placements.
Specifically, on September 17th, ACB successfully issued one trillion dong of two-year bonds with interest rate of 6.7 percent per annum and par value of one billion dong per bond. Two businesses equally bought all of these bonds. ACB did not reveal the names of the two businesses.
In addition, On September 19th, ACB successfully issued 1.6 trillion dong of three-year bonds with interest rate of 6.8 percent per annum and par value of one billion dong per bond. Two institutional investors respectively acquired 600 billion dong and one trillion dong of ACB’s bonds in this issuance.
Meanwhile, on September 11th, MSB mobilised 400 billion dong from three-year bonds with a fixed rate of 6.6 percent per annum and par value of one billion dong per bond. VNDirect Securities Company was the issuing agent and purchased all of the bonds.
On September 11th, SeABank successfully issued 266 billion dong of the 300 billion dong offered bonds. The bond has an initial interest rate of 9.9 percent per annum, interest rates for the subsequent periods are equal to the average 12-month deposit rates of four major banks plus three percent per annum. The bond term is 10 years.
For OCB, the bank mobilised 200 billion dong of bonds on September 17th from the issuance of three-year bonds with fixed interest rate of 6.6 percent per annum. VNDirect acquired all of these bonds.
On September 20th, HDBank also issued a small amount of bonds worth 12.4 billion dong with a term of five years and interest rate of 8.5 percent per annum. Previously, on September 16th, HDBank also issued 900 of three-year bonds with interest rate of 6.3 percent per annum.
In addition to the above banks, two other banks including Vietnam International Commercial Joint Stock Bank (VIB) and Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) also issued bonds in September.
As estimated, from the beginning of September until now, banks have mobilised more than five trillion dong of bonds. The popular term is two and three years with interest rate ranging from 6.3 percent to 6.8 percent per annum. Some issuances offered higher interest rates on longer terms, notably the 9.9 percent per annum interest rate (in the first period) of SeABank’s 10-year bonds.
