SII: Board resolution on bond issuance On December 22, 2016, the Board of Directors of Sai Gon Water Infrastructure Corporation approved to implement the private placement of bonds:
- Total issue value: VND400 billion
- Bond type: non-convertible, secured bond
- Bond term: 05 years
- Interest rate: 9%/year for the first year. For the next years, the interest rates will be calculated based on the average interest rate of personal savings rates with term of 12 months of 04 banks (Vietcombank, VietinBank, BIDV and VIB) plus 2.8%/year.
- Interest payment period: once 03 months
- Purpose: The proceeds from bond issuance will be used to invest in the second phase of Cu Chi Project (VND160 billion) and establish a limited company (VND240 billion).
- Issue date: divided into 02 phases: Phase 1 in 2016 and Phase 2 in 2017. HOSE
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