BAC A BANK officially offers 16 million bonds to the public in the first round of public offering.
(Baonghean.vn) - From August 5, 2022, Bac A Commercial Joint Stock Bank (BAC A BANK) officially offered 16 million bonds to the public in the first phase with a par value of VND 100,000/bond.
Total offering value at par value up to 4,000 billion VND
The bank representative said: This activity aims to supplement medium and long-term capital, meet the needs of increasing the scale of the bank's operations, and diversify customers' investment portfolios.
The bonds issued to the public by BAC A BANK are non-convertible, unsecured, unsecured bonds that satisfy the conditions to be included in the Tier 2 capital of the Issuing Organization. The bonds are divided into 3 Bond symbols: BAB202201-07L (7-year term), BAB202201-07C (7-year term) and BAB202201-08C (8-year term).
“According to the plan, BAC A BANK will carry out 4 bond issuances, with a total offering value at par value of up to 4,000 billion VND, implemented from now until the end of the second quarter of 2023,” shared a representative of BAC A Bank.
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Customers transact at BAC A BANK. Photo: PV's documents |
The bonds have a face value of VND 100,000/bond, with interest paid every 12 months, helping customers enjoy a safe and stable source of income. The minimum purchase quantity for individual investors is 500 bonds, and for institutional investors is 1,000 bonds.
The registration period for the first phase is from August 5, 2022 to 9:00 a.m. September 19, 2022. Bonds are distributed directly at the Head Office and BAC A BANK's branch system and transaction offices nationwide.
It is known that from the second issuance, BAC A BANK will decide on the method of determining and the appropriate bond interest rate, depending on market conditions at the time of bond issuance, in accordance with the regulations of Bac A Bank and the State Bank of Vietnam in each period.
Safe, effective and transparent financial investment solutions
Compared to other investment channels such as deposits or regular certificates of deposit, BAC A BANK's 2022 public bond issuance - phase 1 offers customers an extremely attractive interest rate - up to 8.4%/year. The expected time to buy back the bond is also very flexible, only from 18 months to 36 months from the date of issuance.
In particular, after the bonds are registered for deposit and listed, BAC A BANK allows customers to borrow against the bonds, applying super competitive interest rates, creating conditions for customers to proactively access capital if sudden financial needs arise.
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From August 5, BAC A BANK officially offered 16 million bonds to the public in the first phase. |
Customers can also fully exercise the rights of bond owners including transfer, donation, inheritance; and can easily trade on the Hanoi Stock Exchange (HNX).
Being licensed to issue and officially offer bonds to the public once again helps BAC A BANK affirm its efforts to ensure stable financial health, strictly comply with legal regulations and commit to providing the market with safe, effective, transparent and highly liquid financial investment products and solutions.
In addition to providing full and comprehensive financial services, Bac A Commercial Joint Stock Bank also pays special attention to and focuses on investment consulting activities for a generation of sustainable businesses; high-tech application fields, agricultural modernization and social security, such as clean food processing, hospital systems and schools meeting international standards right in Vietnam.
For more information, please visit website www.baca-bank.vn, contact BAC A BANK branches, transaction offices or Customer Care Center 1800 588 828.
Over the past 20 years, the quality and operational efficiency of BAC A BANK have always been affirmed and developed in an increasingly modern and sustainable direction; with a network system that has been consolidated and expanded nationwide. Established in 1994 in Nghe An, up to now, BAC A BANK owns 155 transaction points, including 01 Head Office, 50 branches, 105 transaction offices in 38 provinces and cities nationwide.
