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CTG: Announcement of a bond private offering
VietNam Joint Stock Commercial Bank For Industry and Trade (Vietinbank) announced a resolution of the Board of Directors on a bond private offering:
Article 1: Vietinbank will issue long-term bonds in 2010 through a private placement.
Article 2: The Board of Directors authorized the Management to implement the issuance:
- Issuer: VietNam Joint Stock Commercial Bank For Industry and Trade
- Charter capital: VND11,252,972,800,000.
- Total bond value (based on par value): VND6,000,000,000,000. (Maximum)
- Bond term: 02 years
- Bond interest: floating interest, including:
I- nterest rate in the first year: 12.50%/year (Maximum)
- Interest rate in the second year: a floating rate, equal to the average of the saving rate of 12-month period (in VND) of four commercial banks: VietNam Joint Stock Commercial Bank For Industry and Trade - Ha Noi Branch, Joint Stock Commercial Bank for Foreign Trade of Vietnam – Head office, AGRIBANK Securities Joint-Stock Corporation – Head office, Bank for Investment and Development of Vietnam – Branch of Head Office 1 on a determination date, and added a maximum of 1%/year.
Article 3: This resolution takes effects from May 25, 2010.
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