Capital balancing strategy: TPBank proactively buys back bonds before maturity, issues new lots in the same month

Accordingly, this Bond Lot has a total issuance value of 327.4 billion VND, with a par value of 100 million VND/bond.

This is a 10-year bond, expected to mature on September 16, 2035, with an interest rate of 7.28% per year. This is also TPBank 's 34th bond issuance since the beginning of 2025, showing that capital mobilization through this channel takes place very frequently.

Since the beginning of September alone, TPBank has successfully issued 4 other bond lots (codes from TPB12530 to TPB12533) with a total value of over VND400 billion. Previously, at the end of August, the bank also mobilized VND200 billion through the TPB12529 bond lot. All of these bond lots have a term of 10 years.

On the other hand, TPBank actively bought back the issued bonds. Statistics show that in September alone, this bank spent more than 742 billion VND to buy back all 6 bond lots before maturity.

Specifically, on September 15, TPBank bought back all 88.5 billion VND of bonds coded TPBL2434018. A few days before that, lots TPBL2434017 (58.5 billion VND) and TPBL2434016 (22 billion VND) were also fully settled. The largest lot was TPBL2434015 which was bought back in its entirety on September 9 with a value of 200.5 billion VND. The remaining two lots TPBL2434014 and TPBL2434013 with a total value of 372.5 billion VND were also settled early by the bank.

All 6 bonds mentioned above were issued in September 2024 with a term of 10 years. Thus, TPBank has bought back all of these bonds after only 1 year of circulation. This activity is often part of the debt restructuring strategy of credit institutions, helping to optimize capital costs, especially when the current interest rate level is more favorable than the previous issuance time.

Source: https://daibieunhandan.vn/chien-luoc-can-doi-nguon-von-tpbank-chu-dong-mua-reai-trai-phieu-truoc-han-phat-nonh-them-lo-moi-trong-cung-thang-10387906.html