According to Board Resolution No.17/NQ-HDQT dated December 19, 2014, the Board of Directors of Binh Duong Trade and Development Joint Stock Company approved a plan for mobilizing capital by issuing bonds in 2014 with main contents as follows:
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Purpose: to invest in Phu Chanh C, D Project
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Par value: VND1,000,000,000.
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Issue volume: 400 bonds (or VND400 billion)
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Underwriter: Maritime Bank Securities Join Stock Company
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Bond interest rate:
§ First & second
term: 12%/year
§ Third term: adjusted
according to the adjustment period of interest rate, equal to the “reference
rate” plus 4.0%/year.
ü The “reference
rate” is determined by the average of the interest rates of personal savings in
VND publicly quoted, deferred interest, term of 12 months, announced at the Headquarters/branches
of 04 commercial banks in Hanoi city: (i) BIDV – Headquarter 1; (ii) VietinBank
– Hanoi Branch; (iii) Vietcombank– Hanoi Branch; (iv) Agribank – Headquarter,
at the determination date of interest rate.
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Interest period: 06 months/ time
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Issue date: Quarter IV/2014
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Bond term: 05 years
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Bond type: non-convertible, secured bond
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Issue method: bond underwriting
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Asset backing: real estate
Article 2: The Board of
Directors authorized the Chairman to sign the plan for issuing VND400 billion
bonds.
Article 3: The Board of
Directors authorized the CEO to decide all articles and conditions regarding
TDC.BOND.2014.400 under the laws.
Article 4: This resolution
takes effect from the date of signing.
