HDBank is About to Issue USD 500 Million of Convertible International Bonds
HDBank’s Tier 2 equity supplementary convertible bonds can be converted into common shares of this bank. Capital from the issuance will help HDBank to supplement its medium and long-term capital, serving growth plans according to the set strategy. At the same time, the Bank will further improve its asset quality indicators, capital adequacy ratio, and be ready to soon apply Basel III standards.
HDBank also updated its new charter capital of VND 25,303 billion. The maximum shareholding ratio of foreign investors was also adjusted to increase from 18% to 20% because so far foreign investors have net bought more than 21.7 million HDB shares and the “foreign room” of 18% has been closed.
Sharing at the recent investor conference, HDBank’s leaders said that HDBank recorded the best Quarter 3 business results ever, high growth in both size and quality, and was confident to complete and exceed the business plan 2022 as approved by shareholders. In the context of market volatility, HDBank’s B1 credit rating was maintained, the bad debt ratio was among the lowest in the industry, its operating efficiency was in good condition, and the capital adequacy was in the top.