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Banks redeem bonds worth VND26 trillion in Jan-Nov

The Saigon Times

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HCMC – Vietnamese banks bought back their bonds totaling VND26 trillion in the January-November period.

VND247.6 trillion worth of corporate bonds was issued in the 11-month period, with 89.1% of it issued through private placement. The banking sector emerged as the largest issuer, accounting for a total of VND120 trillion.

Data from the Hanoi Stock Exchange showed that in mid-December, Orient Commercial Joint Stock Bank bought back VND500 billion of its OCBL2124011 bonds, which were issued two years ago with a fixed coupon rate of 3.2% per year for a three-year term. Earlier this year, the bank repurchased 14 bond lots valued at VND12.4 trillion, which were issued in 2021 and 2022.

Lien Viet Post Joint Stock Commercial Bank (LPBank) also conducted bond buybacks, acquiring two bond lots worth VND2 trillion. In July, LPBank already redeemed four bond lots of over VND4.1 trillion.

Vietnam International Commercial Joint Stock Bank bought back VND6 trillion worth of bonds, while Bank for Foreign Trade of Vietnam redeemed VND1.3 trillion.

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