OCB: Plan for bond private placement
The Board resolution dated June 22, 2023, the BOD of Orient Commercial Joint Stock Bank approved the plan for bond private placement with details as follows:
- Issuer: Orient Commercial Joint Stock Bank
- Bond type: non-convertible bond, secured and without warrant
- Par value: VND1,000,000,000,000/bond
- Issuance volume: 26,000 bonds
- Total value of issuance (at par value): VND26,000,000,000,000
- Term: 01 year
- Bond form: book entry
- Purpose: the proceeds from the issuance will be used to lend, invest or use for the other purposes in accordance with the law.
- Number of issue phases: 15 batches, including:
Estimated batch
Estimated volume (bond)
Estimated value (billion dongs)
Estimated time
Plan for using capital
1
1,500
1,500
Quarter 2/2023
The proceeds from the issuance will be used for the above purposes.
2
1,500
1,500
3
2,000
2,000
Quarter 3/2023
4
2,000
2,000
5
2,000
2,000
6
2,000
2,000
7
2,000
2,000
8
2,000
2,000
9
2,000
2,000
Quarter 3/2023
Quarter 3/2023
10
2,000
2,000
11
2,000
2,000
12
2,000
2,000
13
1,000
1,000
14
1,000
1,000
15
1,000
1,000