Ho Chi Minh City Development Joint Stock Commercial Bank announced a private placement of 3,000 unsecured convertible bonds at an issue price of $100,000 per bond for gross proceeds of $300,000,000 on October 11, 2021. The bonds will be issued at 100% of par value with maturity date in 5 years and 1 day from the date of bond issuance. The transaction has been approved by the board of directors of the company. The transaction will include participation from institutional investors.