VietinBank announces early buyback of CTGL2129003 bond
VietinBank announces early buyback of CTGL2129003 bond
To: Bondholders
Based on the provisions of Circular No. 122/2020/TT-BTC dated December 31, 2020 by the Ministry of Finance guiding the information disclosure and reporting regime prescribed by Decree No. 153/2020/ND-CP dated December 31, 2020 by the Government regulating the issuance, trading of private corporate bonds in the domestic market and the issuance of corporate bonds to the international market, the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank) announces the information of early repurchase of bonds as follows:
1. Information of the Issuer
- Name of the Issuer: Joint Stock Commercial Bank for Industry and Trade of Vietnam
- Headquarters address: 108 Tran Hung Dao Street, Cua Nam Ward, Hoan Kiem District, Hanoi
- Telephone: 1900 558 868/(84) 24 3941 8868; Fax: (84) 24 3942 1032.
- Type of Enterprise: Joint Stock Commercial Bank
- Main business activities:
- Commercial banking activities: capital mobilization; credit activities; payment and treasury services;
- Investment banking activities: Financial investment; securities services; investment fund management, portfolio management, investment delegation, acceptance of investment delegation; consulting on the purchase, sale, merger, restructuring of enterprises, purchase, sale of debts in accordance with the provisions of law; business, providing products to domestic and foreign customers derivatives on exchange rates, interest rates, foreign exchange, currencies, commodity prices and financial products on the principle of compliance with the provisions of current law and other investment banking activities prescribed by law;
- Insurance activities: Life insurance; non-life insurance; reinsurance and other insurance services;
- Other activities: Conducting financial derivative products and services approved by the State Bank of Vietnam; establishing a subsidiary to operate, manage, exploit, sell assets in the process of handling secured assets and assets handed over by the State to VietinBank to handle, recover debts; leasing assets owned, managed and used by VietinBank in accordance with the provisions of law.
2. Information on the Repurchase
Repurchased Bonds | |
Repurchase Code | CTGL2129003 |
Method of Repurchase | Repurchase before maturity on the Repurchase Exercise Date |
Bond face value | 1,000,000,000 (One billion VND/bond) |
Quantity | 100 (One hundred bonds) |
Total value of repurchased bonds | 100,000,000,000 (One hundred billion VND) |
Terms and Conditions of bonds repurchased before maturity | On the basis of ensuring compliance with and consistency with the current regulations of relevant laws by sending a notice to the Bondholder (this notice is irrevocable) no later than 20 (twenty) Business Days prior to the Repurchase Exercise Date, the Issuer has the right to repurchase in advance all Bonds but shall not be allowed to repurchase a portion of Bonds before maturity, with the repurchase price being equal to the face value on the Repurchase Exercise Date. In the event that the Issuer repurchases the Bonds prior to maturity on the Repurchase Exercise Date, the Bondholder shall be obligated to sell back all Bonds to the Issuer and receive 100% of the principal amount of the Bonds it owns; at that time, the Bonds shall be cancelled; at that time, the Bonds shall be cancelled and the Bond Ownership Certificates related to the Bonds shall automatically cease to be in circulation. Other detailed terms and conditions shall be in accordance with the Offering Circular of private bonds. |
Source of repurchase | Source of capital from business activities |
Repurchase Exercise Date of Bonds Before Maturity | 01/07/2024 |
Record Date for exercising the Right to Buy Back Bonds Before Maturity | 20/06/2024 |
Payment date of interest and principal of Bonds | 01/07/2024 (Monday) |
Term of suspension of bond transactions to pay interest and principal | From June 20, 2024 to July 1, 2024 |
The repurchase plan has been approved by the VietinBank Board of Directors in Resolution No. 96/NQ-HĐQT-NHCT-VPHĐQT1 dated March 14, 2024 on the repurchase before maturity of secondary bonds issued by VietinBank on the Repurchase Exercise Date in 2024.
3. Organizations participating in the repurchase:
To: Bondholders
Based on the provisions of Circular No. 122/2020/TT-BTC dated December 31, 2020 by the Ministry of Finance guiding the information disclosure and reporting regime prescribed by Decree No. 153/2020/ND-CP dated December 31, 2020 by the Government regulating the issuance, trading of private corporate bonds in the domestic market and the issuance of corporate bonds to the international market, the Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank) announces the information of early repurchase of bonds as follows:
1. Information of the Issuer
- Name of the Issuer: Joint Stock Commercial Bank for Industry and Trade of Vietnam
- Headquarters address: 108 Tran Hung Dao Street, Cua Nam Ward, Hoan Kiem District, Hanoi
- Telephone: 1900 558 868/(84) 24 3941 8868; Fax: (84) 24 3942 1032.
- Type of Enterprise: Joint Stock Commercial Bank
- Main business activities:
- Commercial banking activities: capital mobilization; credit activities; payment and treasury services;
- Investment banking activities: Financial investment; securities services; investment fund management, portfolio management, investment delegation, acceptance of investment delegation; consulting on the purchase, sale, merger, restructuring of enterprises, purchase, sale of debts in accordance with the provisions of law; business, providing products to domestic and foreign customers derivatives on exchange rates, interest rates, foreign exchange, currencies, commodity prices and financial products on the principle of compliance with the provisions of current law and other investment banking activities prescribed by law;
- Insurance activities: Life insurance; non-life insurance; reinsurance and other insurance services;
- Other activities: Conducting financial derivative products and services approved by the State Bank of Vietnam; establishing a subsidiary to operate, manage, exploit, sell assets in the process of handling secured assets and assets handed over by the State to VietinBank to handle, recover debts; leasing assets owned, managed and used by VietinBank in accordance with the provisions of law.
2. Information on the Repurchase
Repurchased Bonds | |
Repurchase Code | CTGL2129003 |
Method of Repurchase | Repurchase before maturity on the Repurchase Exercise Date |
Bond face value | 1,000,000,000 (One billion VND/bond) |
Quantity | 100 (One hundred bonds) |
Total value of repurchased bonds | 100,000,000,000 (One hundred billion VND) |
Terms and Conditions of bonds repurchased before maturity | On the basis of ensuring compliance with and consistency with the current regulations of relevant laws by sending a notice to the Bondholder (this notice is irrevocable) no later than 20 (twenty) Business Days prior to the Repurchase Exercise Date, the Issuer has the right to repurchase in advance all Bonds but shall not be allowed to repurchase a portion of Bonds before maturity, with the repurchase price being equal to the face value on the Repurchase Exercise Date. In the event that the Issuer repurchases the Bonds prior to maturity on the Repurchase Exercise Date, the Bondholder shall be obligated to sell back all Bonds to the Issuer and receive 100% of the principal amount of the Bonds it owns; at that time, the Bonds shall be cancelled; at that time, the Bonds shall be cancelled and the Bond Ownership Certificates related to the Bonds shall automatically cease to be in circulation. Other detailed terms and conditions shall be in accordance with the Offering Circular of private bonds. |
Source of repurchase | Source of capital from business activities |
Repurchase Exercise Date of Bonds Before Maturity | 01/07/2024 |
Record Date for exercising the Right to Buy Back Bonds Before Maturity | 20/06/2024 |
Payment date of interest and principal of Bonds | 01/07/2024 (Monday) |
Term of suspension of bond transactions to pay interest and principal | From June 20, 2024 to July 1, 2024 |
The repurchase plan has been approved by the VietinBank Board of Directors in Resolution No. 96/NQ-HĐQT-NHCT-VPHĐQT1 dated March 14, 2024 on the repurchase before maturity of secondary bonds issued by VietinBank on the Repurchase Exercise Date in 2024.
3. Organizations participating in the repurchase: