According to Board Resolution No.16/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 Dragon Hill Project
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Par value: VND1,000,000,000.
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Issue volume: 900 bonds (or VND900 billion)
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Number of issue phase: no more than 03 phases
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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 or Quarter I/2015
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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
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Financial resource for debt payment: Cash flow from the
company’s business operation.
Article 2: The Board of
Directors authorized the Chairman to sign the plan for issuing VND900 billion
bonds.
Article 3: The Board of
Directors authorized the CEO to decide all articles and conditions regarding
TDC.BOND.2014.900 under the laws.
Article 4: This resolution
takes effect from the date of signing.