SCR: Board approves to issue VND300 billion bonds

Sai Gon Thuong Tin Real Estate Joint Stock Company announced Board Resolution No.10/2017 dated May 24, 2017 as follows:

1. The Board of Directors approved a private placement of bonds in 2017:

-          Issuer: Sai Gon Thuong Tin Real Estate Joint Stock Company

-          Bond name: Bond of Sai Gon Thuong Tin Real Estate Joint Stock Company

-          Par value: 1,000,000,000 dongs/bond

-          Maximum number of issue bonds: 300 bonds

-          Value of issue bonds: 300 billion dongs

-          Bond term: 12 months from the issue date

-          Issue date: in Quarter II.2017

-          Issue price: 100% par value

-          Expected interest rate: 11%/year (VAT included)

-          Interest payment period: once every 03 months

-          Purpose: the proceeds from private placement will be added to the Company’s working capital.

2. The Board of Directors approved to choose MB Securities Joint Stock Company as a consulting firms: 

HOSE

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