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KBC: Board approves the plan for issuing bonds On April 21, 2020, the Board of Directors of Kinh Bac City Development Holding Corporation approved the plan for issuing bonds as follows:
− Bond name: KBC2020.200
− Bond type: non-convertible, secured bond, no warrants
− Par value: VND1,000,000/bond
− Bond form: book-entry
− Maximum offering volume: 200,000 bonds
− Maximum offering value: VND200,000,000,000.
− Offering price: at least 100% par value
− Currency unit: VND
− Issue date: in Quarter II of 2020
− Bond term: 02 years
− Interest rate:
· For the first two interest periods: 10.5%/year
· For the next interest periods: the sum of 3.8%/year and the reference interest rate. In particular, the reference interest rate is the average of the interest rates of personal savings, postpaid, term of 12 months (or equivalent), in VND, quoted by Vietcombank, VietinBank, BIDV, and Agribank on the seventh business day before the first day of interest payment period.
− Interest payment period: once every 06 months.
− Consulting company: Agribank Securities Corporation
− Issue agent; Subscription, depository, transfer agent; Collateral management agent: Agribank Securities Corporation.
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