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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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28.9 C
Ho Chi Minh City
Friday, April 4, 2025

Banks redeem bonds before maturity

The Saigon Times

Must read

HCMC – Many local banks have bought back their bonds before maturity while others have launched new bond issues this month, according to the Thanh Nien news site.

VietinBank has recently redeemed VND800 billion worth of bonds which were issued on June 13, 2018 at a face value of VND1 billion each. They will fall due on June 13, 2028.

Agribank will buy back the VBACLH2228002 bond lot worth VND3 billion this week. Bondholders are asked to sell all of their bonds back to the bank and any ownership certificates associated with the bonds will become invalid thereafter.

Previously, ACB issued a resolution on the buyback of four bond lots issued via private placement in 2021. The bonds come with a three-year term and a combined value of VND10 trillion.

BIDV has also announced a plan to buy back bonds prior to maturity with a total value of VND1,000 billion. These bonds were issued on June 15, 2021, and are scheduled to reach maturity on June 15, 2028.

LPBank is offering the second batch of bonds from now to the end of June, with a total face value of nearly VND3,300 billion. The coupon rates range from 9.6% to 9.9% per year.

VietinBank has also announced to sell 90 million bonds in two series from now to July 20 to increase its working capital and Tier 2 capital.

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