BAC A BANK announces public bond offering

North Asia Commercial Joint Stock Bank(BAC A BANK) is a bond issuing organization headquartered at 117 Quang Trung Street, Quang Trung Ward, Vinh City, Nghe An Province. Phone number: 0383.844.277, Fax number: 0383.841.757, Website: www.baca-bank.vn.

BAC A BANK has a charter capital of VND 8,133,863,400,000 (Eight thousand one hundred thirty-three billion, eight hundred sixty-three million, four hundred thousand dong). Stock code: BAB. Place to open payment account: State Bank of Vietnam Transaction Office. Account number: 119962.

Business registration certificate number:2900325526First issued by the Business Registration Office - Department of Planning and Investment of Nghe An province on October 10, 1995, 36th change issued on November 22, 2022. Main business line is Other monetary intermediary activities. Code: 6419

Establishment and operation license No.: 47/GP-NHNN issued by the State Bank of Vietnam on April 16, 2019.

The North Asia Commercial Joint Stock Bank, which issued the bonds, is headquartered at 117 Quang Trung Street, Quang Trung Ward, Vinh City, Nghe An Province. Photo: BAB

I.Purpose of offering:

The purpose of the 2022 public bond offering of Bac A Commercial Joint Stock Bank is to increase its operational scale, provide loans to the economy, increase Tier 2 capital and ensure operational safety ratios according to regulations of the State Bank of Vietnam.

II.Offering Plan

1.Bond name:North Asia Commercial Joint Stock Bank bonds issued to the public in 2022.

2.Bond type:Non-convertible, unsecured, unsecured bonds are secondary debt and satisfy the conditions to be included in the Issuer's Tier 2 Capital according to current legal regulations.

3.Bond code: will be issued by the Vietnam Securities Depository (VSD) according to current regulations after Bac A Commercial Joint Stock Bank completes the offering and carries out procedures for centralized deposit registration at VSD.

4.Bond face value: 100,000 VND/bond.

5.Total number of bonds offered: 25,646,000 (Twenty-five million, six hundred and forty-six thousand) bonds, including the remaining unissued bonds of the first batch of 13,646,000 (Thirteen million, six hundred and forty-six thousand) bonds, of which:

- BAB202202-7L bond: 6,945,500 bonds.

- BAB202202-7C bond: 13,686,000 bonds.

- BAB202202-8C bond: 5,014,500 bonds.

6.Total value of bonds offered at par value: 2,564,600,000,000 VND (Two thousand five hundred sixty four billion, six hundred million VND), including1,364,600,000,000VND (One thousand three hundred sixty four billion, six hundred million dong) remaining unissued from the first batch, of which:

- Bond BAB202202-7L:694,550,000,000VND.

- Bond BAB202202-7C:1,368,600,000,000VND.

- Bond BAB202202-8C:501,450,000,000VND.

7.Bond term (Phase 2):

- Bond BAB202202-7L, term is 07 (seven) years.

- Bond BAB202202-7C, term is 07 (seven) years.

- Bond BAB202202-8C, term is 08 (eight) years.

Customers transact at BAC A BANK. Photo: BAB

8.Interest (Period 2):

- Bond BAB202202-07L: Interest Rate = Reference Interest Rate + 1.1%/year.

- Bond BAB202202-07C: Interest Rate = Reference Interest Rate + 1.3%/year.

- Bond BAB202202-08C: Interest Rate = Reference Interest Rate + 1.5%/year

In case the Issuer does not exercise the redemption right at the corresponding Redemption Right Exercise Date of each bond, the bond interest rate applicable for the Interest Calculation Period from the 6th year until the bond maturity is as follows:

- Bond BAB202202-07L: Interest rate = Reference Interest Rate + 3.1%/year.

- Bond BAB202202-07C: Interest rate = Reference Interest Rate + 3.3%/year.

- Bond BAB202202-08C: Interest rate = Reference Interest Rate + 3.5%/year.

In which, “Reference Interest Rate”: Used to determine the interest rate for each Interest Calculation Period, is the interest rate for regular personal savings deposits in Vietnamese Dong, interest paid in arrears, term of 12 months announced on the official website of Bac A Commercial Joint Stock Bank on the Interest Rate Determination Date. In case there are preferential interest rates for one or several specific customer groups or for one or several specific deposit amounts, the Reference Interest Rate is the highest interest rate announced.

The Issuer shall announce on its website the results of determining the Interest Rate to the Bondholders at least 01 (one) working day before the first day of each Interest Calculation Period. The Bondholders agree and commit that the results of determining the Bond Interest Rate of the Issuer shall be applied to all Bonds unless there is an obvious arithmetical error.

If the law specifically stipulates a maximum Bond interest rate and the Bond interest rate agreed upon in this Prospectus is higher than the maximum interest rate, the maximum Bond interest rate permitted under the law shall be applied from the effective date of such provision.

The Interest Determination Date for the first Interest Period is the date on which applications for the Bonds are received. The Interest Determination Date for subsequent Interest Periods is the 7th (seventh) Business Day prior to the first day of each Interest Period.

BAC A BANK received the Outstanding Enterprise for Employees Award 2022. Photo: BAB

9.Interest payment period:Every 12 (twelve) months.

10.Asking price:100,000 VND/bond.

11.Distribution method (Phase 1): Bonds are distributed directly to investors at the Head Office and branches/transaction offices of Bac A Commercial Joint Stock Bank nationwide.

12.Minimum purchase registration quantity:

- For individual investors: Minimum order quantity is 500 (Five hundred) Bonds or multiples of 500 (Five hundred) Bonds.

- For investors who are economic organizations: Minimum purchase quantity is 1,000 (one thousand) Bonds or multiples of 1,000 (one thousand) Bonds.

13.Time to receive purchase registration:From 30/01/2023 to 27/02/2023

14.Place to receive bond purchase registration:At Head Office and branches/transaction offices nationwide.

15.Time to receive money to buy bonds:From January 30, 2023 to February 27, 2023.

16.Release date:February 27, 2023 (the closing date for receiving bond purchase money).

17.Blocked account receives money to buy bonds

- Account number:12410003503315

- Account holder: North Asia Commercial Joint Stock Bank.

- Opened at: Joint Stock Commercial Bank for Investment and Development of Vietnam - Hoan Kiem Branch.

18.Place of publication of the Prospectus:The prospectus is posted on:

- Website of Bac A Commercial Joint Stock Bank: www.baca-bank.vn;

- Website of ACB Securities Company Limited: www.acbs.com.vn.

BAC A BANK regularly has promotional programs to attract customers. Photo: BAB

19.Register for centralized depository and bond listing

The bonds offered by Bac A Commercial Joint Stock Bank to the public will be centrally registered at the Vietnam Securities Depository and Clearing Corporation (also known as the Vietnam Securities Depository Center) and listed on the trading system of the Hanoi Stock Exchange after the end of the offering. The bonds will be officially traded after the Management Agencies approve the above procedures.

III.Related organizations:

1. Consulting organization:

ACB SECURITIES COMPANY LIMITED

- Address: 3rd Floor, Léman Luxury Building, 117 Nguyen Dinh Chieu, Vo Thi Sau Ward, District 3, HCMC.

- Phone:(028) 7300 7000Fax:(028)7300 3751

2. Auditing organization:

AASC AUDITING COMPANY LIMITED

- Address: No. 01 Le Phung Hieu, Trang Tien, Hoan Kiem, Hanoi.

- Phone: (84.24)3824 1991Fax: (84.24)3825 3973