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TDH: Thuduc House to issue VND420-billion bonds On November 11, 2013, the Board of Directors of Thu Duc Housing Development Corporation (THUDUC HOUSE) approved a plan for private placement of bonds as follows:
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Bond name: Bond of Thu Duc Housing Development Corporation
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Bond type: common bond
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Bond form: certificate and book-entry
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Issue method: private placement through an issuing agent (Viet
Nam International Securities Joint Stock Company)
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Object of the private placement: financial organizations,
banks
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Par value: VND1,000,000,000/bond
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Offering volume: 420 bonds
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Estimated offering value: VND420,000,000,000.
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Offering price: equal to 100% of par value
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Issue date: in November 2013
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Bond term: 04 years from the issue date, unless the company
and investors have a renewed agreement.
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Interest rate: floating rate; adjusted every 06 months;
equal to the VND savings deferred-interest rate with the term of 13 months
announced by the Orient Commercial Joint Stock Bank at the time of interest
payment and plus 2.875%/year.
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Currency unit: VND
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Minimum bidding volume: 420 bonds
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Payment of principal and interest:
+ Principal: paid at the end of bond term.
+ Interest: paid every 12 months, except for the bonds
redeemed prior to maturity. The interest amount is adjusted to the balance of
par value of remaining bonds after the issuer redeems bonds.
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Purpose of the private placement: the capital from the
private placement will be used for corporate financial restructuring.
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Underwriter: none.
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Collateral: land-use right.
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Transfer of bonds: Bonds are transferable.
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Issuing location: Head office of Thu Duc Housing Development
Corporation.
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Issuing agent: Viet Nam International Securities Joint Stock
Company
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Other commitments for the bondholder: The bonds will not be
listed. The issuer has the right to repurchase a part or all of bonds at any
time prior to the maturity date from the issue date.
HOSE
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