On May 31, 2012, the Board of Directors of Construction and Materials Trading Joint Stock Company issued a resolution to adjust and supplement articles, provisions of private bonds:
Article 1: Adjusting and supplementing articles, provisions
of private bonds:
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Total issue value: VND40,000,000,000.
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Bond term: 02 years
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Bond interest: a maximum of 18%/year for the first six
months. From the second six months, the bond interest rate will be equal to the
average rate of 12-month savings interest rates (by VND) to institutions of
five banks: Vietcombank, Agribank, Vietinbank, BIDV and MB Bank on the Interest
Determination Date of the year plus 4.5%/year.
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Purpose: to restructure CNT’s financial resources.
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Underwriter: MB Bank – Cho Lon Branch.
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Estimated issue time: in June 2012
Article 2: The Board of Directors authorized Mr.
Pham Anh Tuan, CEO, to complete necessary formalities for the bond issuance.
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The effective date of this resolution is May 31, 2012.
