HCM: Report on the result of private bond placement
Ho Chi Minh City Securities Corporation (HOSE: HSC) successfully issued VND600 billion of bonds as follows:
• Issuer: Ho Chi Minh City Securities Corporation
• Bond type: Unconvertible bond
• Issue form: A private placement
• Par value: VND1,000,000,000/ bond
• Issue volume: 600 bonds
• Total issue value: VND600,000,000,000.
• Issue price: Equal to 100% par value
• Bond term: 05 years
• Bond interest: A fixed interest rate of 14%/year for the first year. From the second year, the Corporation will apply floating interest rates which are equal to the interest rate of the Government’s 3-year bonds in the closest issue before the interest payment date and are added 2.0%/year
• Deferred interest and paid annually
• Currency unit: VND
• Issue date: August 24, 2011
• Purpose of the issue: The proceeds from the issue will be supplemented to the Company’s working capital
• Plan to pay interest & principal: From the Corporation’s annual revenue
• Engagements to bond holder: The bonds will not be listed on any markets. As from the issue date, a part or all of bonds will be bought back by the issuer at anytime although it’s not the mature time
• Buyer: 02 foreign organizations.
HOSE
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