HDB: Board resolution on international convertible bonds

On September 23, 2020, the Board of Directors of Ho Chi Minh City Development Joint Stock Commercial Bank approved some issues related to international convertible bonds as follows:

-          Approving contents of bond redemption;

-          Conversion time: after 12 months 01 day or until 59 months from the issue date;

-          Conversion price: not less than the Bank’s book value according to the latest financial statements. The estimated conversion price will be VND41,800 and may be adjusted by dilution events in the future.

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