BAC A BANK issues bonds to the public

BAC A BANK previously carried out two successful public bond issuances in 2022 and is continuing to provide much-needed capital to the economy while ensuring growth targets approved by the State Bank of Vietnam are met.

The lender’s Phase-3 bonds are non-convertible, without warrants or collateral, and are widely available to individual and institutional customers in Vietnam and abroad. This new issuance provides an opportunity for customers to diversify their portfolios while also optimising their capital effectiveness.

BAC A BANK bonds have a par value of VND100,000 ($4.2) per bond. Two bond types have terms of seven years and one bond type is for eight years. The expected time to redeem bonds is 18, 24, and 36 months from the date of issuance, respective of each bond.

BAC A BANK’s new bonds can help customers access a safe and stable source of profit with their attractive annual interest rates, and holders can enjoy interest rates higher than for 12-month deposits rate.

The deadline for registration to buy the bonds is 9:00am on October 16. The bonds are distributed directly at the bank’s head office and its branches and transaction offices across the country, and investors need only a minimum amount of VND50 million ($2,110) or VND100 million ($4,220), depending on the bond.

After the end of the offering, the BAC A BANK bonds will be centrally registered at the Vietnam Securities Depository and listed on the Hanoi Stock Exchange to create better liquidity for investors, complying with the government’s directives to develop a healthy and transparent bond market.

Furthermore, BAC A BANK will also allow customers to proactively trade or mortgage bonds at super competitive interest rates should a sudden financial need arise.

Bac A Commercial Joint-Stock Bank (BAC A BANK) has been presented with the Priority Services of the Year Award at VIR’s 2023 Vietnam Wealth Advisor Summit (VWAS).

BAC A BANK will issue bonds for the third time as part of it plan to increase operations.

BAC A BANK is offering new incentives to new and ongoing business customers, as well as continuing its safe salary payment services for employees.