CII: CII borrows VND262 billion from the World Bank

Ho Chi Minh City Infrastructure Investment Joint Stock Company (HoSE: CII) announced a VND262-billion loan from the World Bank:

On October 15, 2010, HFIC allowed Ha Noi Highway Construction and Investment Joint Stock Company (A company set up by CII to invest in a BOT project of expanding Ha Noi Highway) to borrow from the World Bank. Accordingly:

* Total loan: About VND262 billion

* Loan term: 14 years, in which: Grace period to pay principal: 2014.

* Interest: Equal to the borrowing interest that offered by the Bank for investment and development of Vietnam at the signing moment plus management expense of 1.5%/year but not lower than 7.5%/year. The interest will be adjusted every six months.

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