BVBank has received approval from the State Securities Commission to offer public bonds, as per Decision No. 118/GCN-UBCK dated August 2, 2024. The total bond offering is 56,000,000 (fifty-six million) bonds, with an expected issuance of 6 (six) tranches, the first of which is: 15,000,000 (fifteen million) bonds. The bond’s face value is VND 100,000/bond. The minimum subscription is 100 bonds for individual investors or 1,000 bonds for institutional investors.
The first tranche of bonds will be offered from August 8, 2024, to 12:00 PM on September 10, 2024, with a 6-year term and a fixed interest rate of 7.9% for the first year. From the second year onwards: Reference Rate (based on the average 12-month personal savings rate at the end of the period of Vietcombank, Vietinbank, BIDV, and Agribank, prior to the annual interest rate adjustment) + 2.5%/year.
To subscribe for the bonds, customers can follow these steps:
Step 1: Customers sign the Bond Subscription Form at BVBank’s transaction offices.
Step 2: Customers make payment for the bonds. Customers will receive an SMS notification confirming the successful subscription.
Step 3: Customers wait for an SMS notification to collect the Bond Certificate at the chosen subscription office within 30 days from the issuance date.
“BVBank’s bonds offer a safe and efficient investment opportunity as the bonds issued by the bank itself will be centrally registered at the Vietnam Securities Depository and listed on the Hanoi Stock Exchange after the offering period. The bonds will be officially traded after approval from the regulatory authorities. BVBank aims to provide our customers with an additional avenue for profitable and transparent investment,” shared Mr. Ngo Minh Sang, Director of BVBank’s Retail Banking Division.
Previously, BVBank had issued public bonds in 3 tranches, totaling VND 2,170 billion. The bank repurchased the first and second tranches in full, amounting to nearly VND 1,800 billion in 2022 and 2023. The interest for the third tranche’s first year is expected to be paid on August 22, 2024.
For detailed information on purchasing BVBank’s bonds, please visit: https://bvbank.net.vn/tin-tuc/bvbank-chao-ban-trai-phieu-ra-cong-chung-2024-2025-dot-1/
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