AsemconnectVietnam - Orient Commercial Joint Stock Bank (OCB - Code: OCB) has just announced the resolution of the Board of Directors on the offering and private placement of bonds in 2023.

Accordingly, OCB plans to issue a maximum of 26,000 billion bonds with par value of 1 billion VND/bond. This is a non-convertible bond, with no warrants or no payment security/guarantee.
These bonds are expected to be issued in 15 installments with a value of between VND1,000 and VND2,000 billion in the second, third and fourth quarters of 2023. The subject of the offering is a professional securities investor as prescribed by law.
Proceeds from bond issuance will be used for lending, investment or other purposes in accordance with current regulations. OCB has fully paid principal and interest of issued bonds or due debts for 3 consecutive years prior to this issuance.
In 2023, the bank sets a target of pre-tax profit of VND6,000 billion, up 36.7% over the previous year; ROE reached 17.14%; Minimum CAR reaches 10%. By the end of the first quarter of 2023, OCB's pre-tax profit reached VND983 billion, up 18% over the same period.
By the end of March 2023, OCB's total assets reached more than VND199,100 billion, up 2.65% compared to the beginning of the year, of which, loans to customers reached nearly VND122,000 billion, up 1.76% compared to the beginning of the year.
N.Nga
Source: VITIC/Tinnhanhchungkhoan