IJC: Board Resolution on an Issuance of Corporate Bonds
Becamex Infrastructure Development Joint Stock Company (BECAMEX IJC) announced Board Resolution No.14/2014/NQ-HDQT dated October 29, 2014 as follows:
- The Board of Directors approved a plan to mobilize capital via an issuance of corporate bonds in 2014:
Purpose : To invest in Prince Town (Expansion phase) Par value : VND1,000,000,000/bond Issue volume : 400 bonds, VND400 billion Bond interest rate - In the first year : 12.2%/year - In the next period : The bond interest rate is adjusted according to the adjustment period and equal to a “reference rate” plus 4%/year. The “reference rate” is defined to be the average of saving interest rates in VND for individuals, deferred payment, term of 12 months, quoted at 04 banks: (i) BIDV – Headquarter I, (ii) Vietinbank – Ha Noi Branch, (iii) Vietcombank – Ha Noi Branch, and (iv) Agribank – Headquarter, on the determination date. Interest payment period : Every 06 months Buyer, Asset management agent, Account management agent. : SeABank Depository & payment agent : SeASecurities Fees : - Asset management fee: 0.3%/bond cycle - Account management fee: 0.5%/bond cycle - Depository & payment agent fee: 0.2%/bond cycle Issue time : in 2014 Bond term : 05 years Type of bond : Non-convertible, secured bond
Purpose
:
To invest in Prince Town (Expansion phase)
Par value
VND1,000,000,000/bond
Issue volume
400 bonds, VND400 billion
Bond interest rate
- In the first year
12.2%/year
- In the next period
The bond interest rate is adjusted according to the adjustment period and equal to a “reference rate” plus 4%/year.
The “reference rate” is defined to be the average of saving interest rates in VND for individuals, deferred payment, term of 12 months, quoted at 04 banks: (i) BIDV – Headquarter I, (ii) Vietinbank – Ha Noi Branch, (iii) Vietcombank – Ha Noi Branch, and (iv) Agribank – Headquarter, on the determination date.
Interest payment period
Every 06 months
Buyer, Asset management agent, Account management agent.
SeABank
Depository & payment agent
SeASecurities
Fees
- Asset management fee: 0.3%/bond cycle
- Account management fee: 0.5%/bond cycle
- Depository & payment agent fee: 0.2%/bond cycle
Issue time
in 2014
Bond term
05 years
Type of bond
Non-convertible, secured bond
HOSE
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