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The Board of Directors of Asia Commercial Joint Stock Bank (ACB) has approved the plan to issue the second round of private placement bonds in the 2024 fiscal year with a maximum total value of VND 15,000 billion.
Accordingly, ACB will issue a maximum of 150,000 bonds in 15 batches with a par value of VND 100 million/bond or a multiple of VND 100 million. The issue price is equal to the par value.
These are non-convertible bonds, not attached to warrants, with no collateral and are not subordinated debt of ACB. The bonds have a maximum term of 5 years and a fixed or floating interest rate depending on market demand.
The offering is targeted at institutional investors who meet the legal requirements for professional securities investors.
According to ACB, the purpose of the bond issuance is to serve lending and investment needs, as well as to ensure compliance with safety ratios as prescribed by the State Bank of Vietnam.
It is known that ACB is one of the banks that has issued the most bonds since the beginning of the year. According to data from HNX, during the period of June 13 to August 1, this bank successfully issued 8 lots of bonds with a total value of nearly VND 23,700 billion.
