According to statistics, since the beginning of the year, the amount of bonds issued by banks reached about 32 trillion dong. In particular, the term was mainly two to three years with popular interest rate from 6.5 percent to seven percent per year.
Asia Commercial Joint Stock Bank (ACB) topped the list of issued bonds with 7.85 trillion dong, fixed interest rates of 6.7 percent to 6.8 percent per year, three-year term. These bonds is issued in six installments. In which, the first issuance in April was 2.35 trillion dong, thanks to the two investors, VNDirect and SHS.
Following ACB is Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) with a total issued volume of up to 5.9 trillion dong. This bank had more than 15 issuances since the beginning of the year, the volume of each issue was from 200 billion to 500 billion dong, the interest rate was 6.4 percent to 6.9 percent per year. VPBank Securities (VPS) has bought all VPBank issues since the beginning of the year.
Many other banks also issued bonds in the first six months such as Vietnam International Commercial Joint Stock Bank (VIB) 5.1 trillion dong, Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) two trillion dong, Southeast Asia Commercial Joint Stock Bank (SeABank) more than three trillion dong, Bac A Commercial Joint Stock Bank (Bac A Bank) over two trillion dong, Orient Commercial Joint Stock Bank (OCB) 800 billion dong, HCM City Development Joint Stock Commercial Bank (HDBank) 2.5 trillion dong, An Binh Commercial Joint Stock Bank (ABBank) 2.5 trillion dong.
The longest term of VIB bonds is five years a day, however, the bank only issued 100 billion dong of this bond. The interest rate of this bond is 8.825 percent of the first interest period, the following interest periods apply a floating rate equal to two percent plus reference interest rate. In this issuance, an insurance company bought 100 billion dong of VIB bonds.
Except for VIB bonds with interest rate of nearly nine percent, the remaining bonds issued by banks since the beginning of the year have mainly interest rate of 6.4 percent to seven percent, the highest is 7.3 percent because the term is only two to three years.
Compared with the deposit interest rate of two to three-year term deposits at banks, bond interest rate issued by banks are currently at the same level, even lower.
For example, at VPBank, the lowest three-year term deposit interest rate is 7.4 percent per year, the highest amount is up to 8.2 percent if depositing more than 10 billion and pledging not to withdraw before maturity date. Meanwhile, the bond interest rate issued by this bank since the beginning of the year is only 6.9 percent per year.
In addition to issuing many bonds to mobilise medium and long-term capital, many banks also bought back trillions of dong bonds since the beginning of the year. Bondholders of this bond series are mainly another bank.
LienVietPostBank bought 1 trillion dong of two-year bonds issued by the bank on May 29, 2018. Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is the bondholders with the buying price of 1.066 trillion dong. OCB bought 500 billion dong of three-year bond from Military Commercial Joint Stock Bank (MBBank) with the buying price of 534 billion dong, etc.
