On March 4, HDBank Asset Management and Trading Corporation (HDBank AMC) completed the issuance of bond batch code HDMCH2328004 to individuals and professional organizations with a total issuance volume of 10,000 bonds, a face value of VND 100 million/bond, equivalent to a total issuance value of VND 1,000 billion. The interest rate is 10.5% per year, with interest payments made every 6 months at the end of each period, and principal repayment made at maturity.
The bond was issued on February 21, with a term of 60 months until February 21, 2029, and registered by HD Securities Joint Stock Company (HDBS). This is a “no-convertible, non-warrant, unsecured” bond batch.
With this batch, HDBank AMC has increased the total number of outstanding bonds to 4 batches, with a total value of VND 1,700 billion. All batches have been issued in the past six months and will mature sequentially from mid-September 2028.
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List of HDBank AMC’s outstanding bonds
Source: HNX
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According to the introduction on HDBank AMC’s website, the company was formerly known as the Debt Management and Asset Exploitation Limited Liability Company, a subsidiary of DaiABank, established on September 13, 2010, with an initial charter capital of VND 150 billion and headquartered in Bien Hoa City, Dong Nai Province.
After DaiABank merged into HDBank in 2014, the company changed its name to Debt Management and Asset Exploitation Limited Liability Company, a subsidiary of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank). In November 2014, the company relocated its headquarters to District 1, Ho Chi Minh City.
Prior to March 23, 2022, HDBank AMC was a wholly-owned subsidiary of HDBank. After that, HDBank AMC converted from a limited liability company to a joint stock company, with a charter capital of VND 1,000 billion, and is no longer a subsidiary of HDBank. The ownership structure at this time is 80% held by Dynamic & Development Investment Corporation, 18% held by Flex Financial Investment Limited Liability Company, and the remaining 2% held by HDBank.
Currently, the Chairman of the Board of Directors and the legal representative of HDBank AMC is Mr. Nguyen The Quang. HDBank AMC is providing debt recovery services, debt and asset handling consulting, asset exploitation management, and asset appraisal consulting.
Huy Khai
