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SCR: Board resolution on private placement of bonds According to December 23, 2016, the Board of Directors of Sai Gon Thuong Tin Real Estate Joint Stock Company (STB) approved a plan for private placement of bonds in 2016 with the total par value of VND400 billion, as follows:
- Issuer: Sai Gon Thuong Tin Real Estate Joint Stock Company
- Bond name: Bond of Sai Gon Thuong Tin Real Estate Joint Stock Company in 2016 (short name: SCRBOND2016)
- Bond type: secured, underwritten, non-convertible bond
- Par value: VND1,000,000,000
- Issue volume: a maximum of 400 bonds
- Total issue value: a maximum of VND400,000,000,000.
- Issue method: private placement
- Bond term: 42 months (3.5 years) from the issue date
- Issue date: in Quarter IV.2016 to Quarter I.2017
- Issue price: 100% par value
- stimated interest rate:
+ Interest payment period: once every three months
+ For first four interest payment periods: 10.5%/year
+ For next interest payment periods: equal to the average rate of personal savings rates with 12-month term, deferred payment, quoted by four banks: TPBank, VIB, Vietcombank, Vietinbank, plus 3.5%/year. The interest rate will be adjusted every three months.
- Consulting company: MB Securities Joint Stock Company HOSE
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