Australia's Cba Sells Another 10% Stake In Vietnam's Vib

HANOI, Sept 24 (Reuters) - Commonwealth Bank of Australia CBA.AX said it has sold around 5% of its shares in Vietnam International Commercial Joint Stock Bank VIB.HM, as part of its strategy to focus on its businesses in Australia and New Zealand.

CBA, Australia's largest lender, held 19.8% of VIB's shares, according to VIB's report in August, making CBA the Australian bank with the biggest stake in Vietnam.

Reuters reported in June on CBA's possible exit from VIB after VIB's board had proposed cutting the cap on shares held by foreign investors to 4.99% of the bank's charter capital from the current 20.5% from July 1.

The proposal was later approved by the bank's shareholders at an extraordinary meeting, but it is not clear how it applies to existing shareholders.

The transaction was executed on Tuesday, according to a statement released by CBA, with settlement expected on Thursday.

Total gross proceeds to CBA from the transaction are approximately A$160 million ($109.49 million), the statement added.

VIB is a midsize bank in Vietnam with a market capitalisation of $2.3 billion. Shares of VIB rose 3.24% to 19,100 dong each as of Tuesday's close.

CBA declined to comment on whether the bank would sell its remaining shares at a later stage. VIB did not immediately respond on CBA's move.

($1 = 1.4613 Australian dollars)

(Reporting by Phuong Nguyen and Francesco Guarascio, Editing by Louise Heavens)

(( Phuong.Nguyen@thomsonreuters.com ; +84-24-3852-9623; ))

Keywords: CBA-VIB/DIVESTITURE (PIX)

Sept 24 (Reuters) - Commonwealth Bank of Australia CBA.AX:

• PARTIAL DIVESTMENT OF CBA'S SHAREHOLDING IN VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK

• SOLD APPROXIMATELY 5% OF THE SHARES ON ISSUE IN VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK

• HAS SOLD APPROXIMATELY 5% OF THE SHARES ON ISSUE IN VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK (VIB) VIA THE HO CHI MINH STOCK EXCHANGE

• TOTAL GROSS PROCEEDS TO BE RECEIVED BY CBA FROM THE TRANSACTION ARE APPROXIMATELY A$160 MILLION

• TRANSACTION EXPECTED TO DELIVER PRO FORMA UPLIFT TO GROUP’S CET1 RATIO OF BPS ON AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY BASIS AS OF 30 JUNE

Further company coverage: CBA.AX

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Adds details

HANOI, Sept 4 (Reuters) - Vietnam's State Treasury raised 2.56 trillion ($103 million) in a government bond auction on Wednesday, less than the $326 million raised last week, with the coupon on the 5-year bonds hitting the highest level this year.

The auction uptake was lower than last week, with 21.3% of the offer sold compared with 67.4% sold at the Aug 28 auction, a filing to the Hanoi Stock Exchange showed.

The Treasury sold 200 billion dong of 5-year bonds, out of 500 billion offered, with a coupon of 1.98%, and 1.15 trillion dong of 10-year bonds, out of 7 trillion offered, with a coupon of 2.71%.

It also sold 750 billion dong 15-year bonds, out of 4 trillion offered, with a 2.90% coupon, and 464 billion dong of 30-year bonds, out of 500 billion offered, with a 3.10% coupon.

Vietnam is seeking to raise 400 trillion dong from government bond sales this year, mainly to fund its public investments, among the key drivers of economic growth.

It has raised 239 trillion dong from the sales so far in 2024, according to exchange data.

On the corporate front, Vietnamese banks dominated the list of corporate bond sellers last week, according to data from the exchange. The largest corporate bonds sellers last week included Tien Phong Bank TPB.HM, BIDV BID.HM, Asia Commercial Bank ACB.HM and Vietnam International Bank VIB.HM.

($1 = 24,840 dong)

(Reporting by Khanh Vu; Editing by John Mair)

(( khanh.vu@thomsonreuters.com ; +84 24 38259623; ))

Keywords: VIETNAM-BONDS/ (UPDATE 1)

Aug 30 (Reuters) - Viet Nam International Commercial Joint Stock Bank VIB.HM:

• VIET NAM INTERNATIONAL BANK RAISES 2 TRLN DONG ($80 MILLION) SELLING 3-YEAR BONDS AT 5.2% COUPON - BOURSE FILING

Further company coverage: VIB.HM

(Reporting by Khanh Vu)

(( khanh.vu@thomsonreuters.com ;))