BAC A BANK opens new bond issuance

This is the second time BAC A BANK has made such on offering. Earlier, building on the patronage of its customers in September 2022, the lender successfully issued its bonds for the first time.

Under the new plan, it will deploy four bond issuances totally valued at up to VND4 trillion ($173.9 million).

The issued bonds are non-convertible bonds, without warrants and collaterals, and satisfy the conditions to be included in the Tier 2 capital of the issuer.

The second issuance of bonds is divided into three bond types including BAB202202-07L (term of seven years), BAB202202-07C (seven years) and BAB202202-08C (eight years).

With a par value of VND100,000 ($4.34) per bond, with interests paid every 12 months, the bonds aim to help customers access a safe and stable source of profit. Along with other investment channels such as savings or ordinary certificates of deposit, the second bond issuance applies attractive flexible interest rates based on an annual basis. The estimated time to buy back bonds is also very flexible, ranging from 18 to 36 months.

After the bonds are deposited and listed, BAC A BANK allows customers to mortgage bonds, apply super-competitive interest rates, and create conditions for customers to take the initiative in finance if they suddenly need more capital.

Besides that, customers are also entitled to fully exercise the rights of bondholders including transfer, donation, and inheritance; and can easily perform trading activities on the Hanoi Stock Exchange.

The minimum order quantity is 500 bonds for individual investors, and 1,000 bonds for institutional investors. The time to receive purchase registrations for this second issuance is from January 30 to February 27 at 9 am. Bonds are distributed directly at BAC A BANK's headquarters and its branches or/and transaction offices nationwide.

Being licensed to issue and officially offering bonds to the public once again helps the bank to affirm its stable financial health, strictly complying with legal regulations and committing to supply to the market with safe, effective, transparent, and highly liquid financial investment products and solutions.

In order to facilitate individual consumers to access preferential loans, BAC A BANK has launched a special credit programme with attractive lending rates titled Receiving preferential loans - Realising your life goals.

From July 21, BAC A BANK officially operates its new service Kiosk Banking, which is also the lender’s first automatic transaction model in Hanoi.

On September 20, BAC A BANK debuted the Super Free Combo package for individual customers, including all services such as account payment, internet and mobile banking, and domestic debit cards.

BAC A BANK has launched an attractive promotion for customers who open an online account and register for e-banking through its mobile app or at the bank’s transaction counters.

In a bid to provide its customers the best experiences and services, Bac A Commercial Joint Stock Bank (BAC A BANK) has been deploying user-friendly high-tech solutions.