Techcombank raises $155M in three-year bonds amid record quarter
What's the deal? TechcombankDealroom has a profile for this one. Try Dealroom →, Vietnam's Technological and Commercial Joint Stock Bank, raised VND 4,000 billion (about $155 million) through two bond tranches disclosed to the Hanoi Stock ExchangeDealroom has a profile for this one. Try Dealroom →. Both carry a three-year term and an 8.8% annual coupon.
The details: On October 29, 2026, the bank issued 3,000 bonds under ticker TCBL12617 at VND 1 billion each, totalling VND 3,000 billion and maturing October 29, 2029. A day later it issued the VND 1,000 billion TCBL12618 tranche, due October 30, 2029.
What's missing: Techcombank did not disclose bondholders, the purpose of the issuance, or any collateral.
By the numbers: The raise lands as Techcombank posted record results. Q3 2026 pre-tax profit hit VND 10,375 billion, up 25.8% year on year — its highest-ever quarterly figure. Over nine months, operating income rose 17.1% to VND 45,204 billion and net profit climbed 21.3% to VND 23,014 billion.
Why now? The issue fits a pattern: Techcombank tapped the domestic bond market with a VND 3.5 trillion issuance in May 2026, and Vietnamese banks remain major bond issuers. But borrowing has grown costlier, with average bank bond coupons reaching about 8.85% in Q3 2026 — near or above the 2022 peak.
The signal: For a bank of Techcombank's scale — total assets of VND 1.3 trillion as of September 30, up 16.7% year on year — a VND 4,000 billion raise reads as routine funding rather than a distinctive milestone. Without disclosed coupon economics beyond the headline rate or capital treatment, the issuance underscores steady access to debt markets as refinancing needs across Vietnam's banking sector build.
Read more: stockbiz.vn
Image credit: Techcombank
