Vietnam International Commercial Joint Stock Bank (VIB) has just announced the results of the second private bond offering in 2024.

Accordingly, this bank successfully mobilized 1,000 billion VND of bonds coded VIBL2427002 in the domestic market on August 22, 2024. The bond lot has a term of 3 years, expected to mature on August 22, 2027. The issuance interest rate is 5.2%/year.

According to information on the Hanoi Stock Exchange (HNX), in 2024, the bank will only issue 2 batches of bonds to the market.

Previously, in July, the bank issued VIBL2427001 bonds with a volume of 20,000 bonds, face value of VND100 million/bond, equivalent to a total issuance value of VND2,000 billion. The issuance interest rate is 5.8%/year.

Thus, in July and August this year, the bank has mobilized a total of VND3,000 billion in bonds. On the contrary, this year, the bank has bought back 3 lots of bonds VIBL2128027, VIBL2225002 and VIBL2225003 with a total value of VND4,000 billion.

Of which, the bond lot with the largest face value is VIBL2225002, which was bought back by the bank on February 28, 2024. The bond lot is worth VND 2,000 billion, issued on February 28, 2022, with a term of 3 years, expected to mature in 2025.

Recently, VIB announced the situation of interest and principal payments for the first half of 2024. In the first 6 months of the year, the bank spent nearly 297 billion VND to pay interest and 6,600 billion VND to pay bond principal.

Regarding business performance, at the end of the first half of 2024, the bank reported pre-tax profit of VND 4,600 billion, corresponding to a return on equity (ROE) of 21%.

The bank has completed paying 12.5% ​​cash dividends and is expected to complete paying 17% bonus shares to existing shareholders along with more than 11 million ESOP bonus shares to employees in the third quarter.

As of June 30, 2024, total bank assets reached more than VND 431,000 billion, up 5% compared to the beginning of the year. Outstanding credit balance as of the end of the second quarter of 2024 reached nearly VND 280,000 billion, up 5% compared to the beginning of the year.

On the same day, OCB also announced that it had successfully mobilized VND 1,000 billion in 3-year bond code OCBL2427011 in the domestic market. The bond lot is expected to mature on August 21, 2027. The issuance interest rate is 5.5%/year.

From June to August 2024, this bank issued a total of 11 bond lots to the market with a total value of VND 12,800 billion. In August 2024 alone, OCB successfully mobilized 5 bond lots with a total value of VND 6,000 billion.