SHI: Son Ha successful in issuing corporate bonds
On August 16, 2010, Son Ha International Corporation (Sonha.,Corp.) successfully issued VND50-billion corporate bonds under a private placement:
* Issuer: Son Ha International Corporation
* Bond name: SHI082010
* Bond type: Corporate bond (Inconvertible)
* Issue method: The bonds were issued under Decree 52/2006/ND-CP dated May 19, 2006 by the Prime Minister on issuing corporate bond.
* Bond form: Book-entry
* Face value: VND100,000/bond.
* Bond interest: In the first year: 16%/year. In the next years: Equal to the average deposit interest rate of 1-year term of Vietinbank, added 5%/year, and adjusted every six months.
* Bond term: 24 months
* Issue date: August 13, 2010
* Due date: August 13, 2012
* Issue volume: 500,000 bonds
* Total issue value: VND50,000,000,000.
* Underwriter: Vietnam Bank for Industry and Trade Securities Joint Stock Company.
* Object of the issuance: Financial institutions, banks, securities firms, investment funds.
* Purpose of the issuance: To raise funds for producing stainless steel Phung Industrial Group, Dan Phuong, Hanoi.
* Consulting company: Vietnam Bank for Industry and Trade Securities Joint Stock Company.
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