HDBank raises $150M in bonds, plans record $770M public offering
What's the deal? HDBankDealroom has a profile for this one. Try Dealroom →, a Ho Chi Minh City commercial lender trading as HDB, raised 3,900 billion VND (about $150 million) through three private placement bond issuances completed in late August and early September 2026. It has also approved a plan to offer a record 20,000 billion VND in bonds to the public.
The details: The three placements ran through the Hanoi Stock ExchangeDealroom has a profile for this one. Try Dealroom →. Two issuances on August 27 raised 900 billion VND and 1,000 billion VND, each on six-year terms at a fixed 9.2% rate. A third, on August 20, raised 2 trillion VND over three years at 9%.
Why now? All proceeds go toward the bank's Tier 2 capital, aimed at improving operational safety ratios required by the State Bank of Vietnam and meeting customer credit demand.
What's the endgame? The larger public offering dwarfs the private rounds. HDBank plans to sell 200 million bonds at a face value of 100,000 VND each, totalling 20,000 billion VND — roughly $770 million.
These are non-convertible, unsecured subordinated bonds with seven- to eight-year maturities and a floating rate. The bank can repurchase them early — after two years for the seven-year notes and after three years for the eight-year notes.
How it rolls out: Pending a registration certificate from the State Securities Commission, HDBank will offer the bonds in three tranches from the fourth quarter of 2026 through the fourth quarter of 2027.
The signal: The scale places this among the larger debt raises in the market. By stacking short private placements with a far bigger public programme, HDBank is building a long-term capital base to satisfy tightening regulatory buffers while funding loan growth.
Read more: vietnam.vn
