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BIDV (Bank for Investment and Development of Vietnam) has announced its public bond offering (second tranche) after receiving a registration certificate from the State Securities Commission to sell bonds publicly. The bonds issued in this tranche are non-convertible, have no attached warrants, are unsecured, and constitute BIDV’s direct, senior debt.
Under the overall plan, BIDV expects to issue a total of 90 million bonds, each with a par value of 100,000 dong, for a total fund-raising of about 9,000 billion dong. The issuance is divided into three tranches. The second tranche is currently underway with nearly 37 million bonds, equivalent to more than 3,698 billion dong at par.
The bonds have maturities of 7, 8, and 10 years. BIDV will apply a floating-rate mechanism, set as a reference rate plus a spread of 1.8% to 1.9% per year depending on the tenor. Coupons will be paid semi-annually.
The offering is intended to increase operating capital, supplement Tier-2 capital, and help ensure compliance with safety ratios required by the State Bank. BIDV also stated the issuance will support lending to the economy.
According to the plan, the subscription and payment window runs from 28 April 2026 to 20 May 2026. Investors may subscribe directly at BIDV’s head office, branches, or trading desks. The minimum subscription is 100 bonds, equivalent to 10 million dong at par.
In 2025, BIDV maintained a leading position in Vietnam’s banking system by asset size, with total assets exceeding 3.26 quadrillion dong, up 20.5% year-on-year. Mobilization and lending increased 13.7% and 15.2%, respectively. Asset quality remained controlled, with an NPL ratio of 1.26%.
On business performance, BIDV reported standalone pre-tax profit of 35,509 billion dong, up 15.7% compared with 2024.
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