Refrigeration Electrical Engineering Corporation (REE) has announced the use of capital from the convertible bond offering in 2012 as follows:
I. Result of bond offering:
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Issuer: Refrigeration Electrical Engineering Corporation
(REE)
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Bond type: convertible bond
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Par value: VND1,000,000/bond
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Selling price: VND1,000,000/bond
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Bond term: 03 years
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Interest term: interest will be paid in the end of every
twelve months.
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Bond interest: 6%/year
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Issue date: December 19, 2012
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Number of registered bonds: 557,846 bonds
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Number of distributed bonds: 557,846 bonds
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Total capital mobilized from the bond offering:
VND557,846,000,000.
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Total expense for the bond offering: VND1,855,728,364
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Total net capital: VND555,990,271,636.
II. Report on the use of
capital:
1. Plan:
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The capital from the offering will be invested in infrastructure
projects in electricity, water, real estate…sections.
2. Result:
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Invest in electricity infrastructure: VND504.49 billion.
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Invest in water section: VND36.8 billion.
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Invest in real estate projects: VND14.7 billion.