BIDV closes $30.9M bond placement, lines up VND 20T subordinated debt plan
What's the deal? Vietnam's BIDV has completed a private placement of 800 billion VND (about $30.9 million) in five-year bonds carrying a fixed 8.2% annual interest rate. The Hanoi Stock ExchangeDealroom has a profile for this one. Try Dealroom → confirmed the bank sold the entire BIDL12621 lot, which matures September 11, 2031.
The details: The transaction ran from September 11 to October 9, 2026. Disclosures did not name the bondholders, detail security measures, or specify how the proceeds will be used.
Why now? The placement gives BIDV medium-term capital for its financial plans in the second half of 2026.
What's next? The bank's board has approved a far larger plan: up to 20,000 billion VND in non-convertible, unsecured public bonds, classified as subordinated debt. The notes will be issued in four tranches from Q4 2026 through Q1 2028.
The first phase covers 6,000 billion VND in seven-year bonds and 2,000 billion VND in eight-year bonds. The seven-year notes are redeemable after two years and the eight-year notes after three, with a floating rate set at a reference rate plus a margin of up to 3% per year.
What's the endgame? BIDV plans to use the 20,000 billion VND to boost working capital, supplement Tier 2 capital, meet the State Bank of VietnamDealroom has a profile for this one. Try Dealroom →'s safety-ratio rules, and expand lending to production and business sectors.
The signal: The quick move from closing one placement to approving a much bigger issuance shows BIDV stacking debt to shore up its capital base ahead of regulatory requirements. For Vietnam's banks, subordinated debt remains a key lever to fund credit growth while staying within capital-adequacy limits.
Read more: vietnam.vn
Image credit: James Willamor
