The company announced that it will invest from the time the bonds are issued until their maturity or early redemption. The bonds can be pledged at LPBank or an approved third party.
The investment will be entrusted to the Investment and Securities Business Division of the LPBS business unit to optimize capital efficiency.
This is one of four bonds from LPBank’s public offering in 2024, totaling 40 million bonds with a value of VND 4,000 billion. The bond issues are divided into two phases, with Phase 1 including LPB7Y202401 and LPB10Y202402 offered in Q4 2024 – Q1 2025, and Phase 2 including LPB7Y202403 and LPB10Y202404 offered in Q1 2025.
All the bonds are non-convertible, unsecured, without warrants, and are subordinated debt that meets the conditions to be considered Tier 2 capital for LPB.
Of these, LPB7Y202401 has the largest volume with 29 million bonds, equivalent to VND 2,900 billion. The bond’s floating interest rate is determined by the reference rate plus a margin of 2.9% per annum. Notably, LPBS is also the issuing and registering agent, and registrar for this bond issue.
 Source: LPBank’s Public Offering Announcement dated January 9, 2025
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As of the end of 2024, LPBS’s asset size was nearly VND 5,100 billion, 18.4 times higher than at the beginning of the year, with significant increases in most items. Notably, new loan balances stood at nearly VND 2,700 billion; this was followed by an increase in cash and cash equivalents from over VND 44 billion to over VND 896 billion, mainly in bank deposits for securities company operations; the emergence of more than VND 612 billion in financial assets FVTPL, almost entirely in listed bonds; and new long-term investments of VND 500 billion in shares of Hoang Anh Gia Lai Joint Stock Company (HOSE: HAG).
LPBS’s business activities were strongly supported by an increase in equity capital from VND 250 billion to VND 3,888 billion through the offering of 363.8 million shares to existing shareholders at a price of VND 10,000 per share, which concluded on April 16, 2024.
Huy Khai
– 12:03 24/02/2025
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