Shb Was Approved By Singapore Stock Exchange To List International Bonds Worth 300 Million Usd

Saigon Commercial Joint Stock Bank - Hanoi (SHB) approved by Singapore Stock Exchange on the principle of listing international bonds worth 300 million USD. Saigon - Hanoi Joint Stock Bank (SHB) Having just announced the information, on October 1, the Bank was approved by the Singapore Securities Exchange on the principle of registration for listing international bonds in the first phase according to the Euro Medium Term Note (EMTN ) Maximum value of 300 million USD at the Singapore Stock Exchange.Prustain, at the Annual General Meeting of Indeventions in 2021, SHB shareholders passed a plan to mobilize a maximum of 500 million USD of bonds according to EMTN and listed programs Bonds at the Singapore Stock Exchange. These are bonds that are not guaranteed, do not convert and do not include the rights. Bonds raising secondary capital with 10-year term and SHB have the right to acquire after 5 years 1 day; High-end international bonds have a term of 3-5 years

. The interest rate applied to this bond is a fixed interest rate or floating interest rate or combining fixed and floating interest rates. In that, the interest rate Specific capacity will be determined by the method of building books on the basis of investors' needs. SHB said it would determine the bond interest rate in accordance with the regulations of the State Bank and depending on the market conditions at the time of issuance
SHB purposes when implementing bond issuance to foreign markets aimed Creating benefits for banks, thereby increasing benefits for shareholders of SHB. In addition, international bond issuance also helps SHB diverse capital mobilization channels, limiting dependence on sources Mobilizing foreign currency, creating a solid foundation for the implementation of capital safety standards according to Basel II and international financial standards.

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