On April 03, 2012, VINGROUP Joint Stock Company successfully issued US$185-million bonds. Approved by the State Bank of Vietnam, VINGROUP will issue another VND115-million bonds with the finish date by July 10, 2012. The additional bonds and the bonds issued on April 03, 2012 will be consolidated into only one lot. On June 27, 2012, Vincom Joint Stock Company worked with Credit Suisse (Singapore) Limited and the two firms were unanimous to approve the following main conditions for additional bonds:
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Issue value: US$115 million
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Par value: US$100,000/bond or a multiple of US$100,000.
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Due date: April 03, 2017
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Interest rate: 5%/year, paid every six months on April 03
and October 03 every year (the first interest payment is on October 03, 2012).
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Issue price: 100% par value plus the interest arising from
April 03, 2012 to July 04, 2012 worth US$1,277.78 on one additional bond.
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Bond form: international convertible bond
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Bond term: 05 years
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Bond type: unsecured bond
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Issue volume: 1,150 bonds
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Conversion right: Bondholders can convert bonds into shares
of Vingroup within the conversion time.
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Initial conversion price: VND112,200/share
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Current conversion price: VND88,000/share (because Vingroup
paid stock dividends)
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Initial conversion ratio: 23,750 shares/bond basing on the current
conversion price.
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Fixed exchange ratio: 20,900 VND/ 1 USD
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Conversion price adjustment: the conversion price will be
adjusted in cases such as: merger, stock split, or stock classification; profit
or revenue capitalization; dividend; rights to buy stock, or options; issuing
rights to buy stock at a price of 95% of market price, and other common
dilution cases.
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Transfer period: bonds can be converted at any time before
10 days prior to the due date, except the case that bonds are repurchased,
converted, sold or cancelled.
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Exchange: Singapore Exchange Securities Trading
Limited (the “SGX-ST”).
