Premature redemption of all OCB12423 bonds according to the Terms and Conditions in the Bond Information Disclosure of Orient Commercial Joint Stock Bank issued on October 15, 2024 (bond code: OCB12423) and Resolution No. 60/2024/NQ-HĐQT dated April 16, 2024 of the Board of Directors approving the Plan of Private Placement, non-convertible, non-warrant bonds of OCB in 2024.
Bond redemption before maturity:
- Number of bonds the Issuer plans to redeem: all 500 bonds, equivalent to the par value of VND 500,000,000,000
- Execution rate: Redemption of all bonds from bondholders before maturity.
- Redemption price of each OCB12423 bond: Bond par value + Bond interest from October 16, 2024 inclusive to October 16, 2025 exclusive = 1,000,000,000 + (1,000,000,000*5.1%*365)/365 = VND 1,051,000,000.
- The total receipt amount of bondholders will be rounded to the whole number (if the first decimal place is equal to or greater than 5, the number will be rounded up; if the first decimal is less than 5, the fractional part will be removed)
- Payment date: 16/10/2025
- Orient Commercial Joint Stock Bank will exercise the right to redeem all bonds before maturity on the redemption date, October 16, 2025. Bondholders have to sell all their bonds back to the issuer.
- Payment place:
+ Bondholders whose securities have been deposited will make bond redemption procedure at the depository members (DMs) where they opened the depository accounts.
+ Bondholders whose securities have not been deposited will sends the documents including the original Certificate of Bond Ownership to the address: Market and Investment Operations Department, Orient Commercial Joint Stock Bank, 6th Floor, The Hallmark Building, No. 15 Tran Bach Dang Street, An Khanh Ward, Ho Chi Minh City.
Deadline for sending documents: by 5:00 p.m, 13/10/2025.
The owner receives the proceeds from the redemption of the bonds on October 16, 2025 by transferring to the account that the owner has registered with Orient Commercial Joint Stock Bank.
Depository members (DMs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSDC with the information managed by DMs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of shareholders (For DMs who have not completed the connection to VSDC’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent to VSDC's email address). In case of non-acceptance due to data errors or discrepancies, DMs are requested to send the details of errors or discrepancies in writing for necessary correction.
Deadline for sending confirmation: by 10.30 am, 03/10/2025.
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs by VSDC accurate and confirmed. In case of arising disputes and losses to shareholders, DMs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above shares at DMs within 3 working days from the date on the notice.