TDC: TDC to borrow VND500 billion from Maritime Bank

The Board of Directors of Binh Duong Trade and Development Joint Stock Company (TDC) unanimously approved to borrow a short-term loan worth VND500 billion from Maritime Bank in order to pay for the transfer of Dragon Hill Project.

-          Term of loan: 12 months (from December 2015 to December 2016)

-          Maximum of each contract: 12 months  

-          Interest rate: 7.5%, changed monthly

-          Interest payment: paid every 06 months

-          Collateral: Becamex IDC guarantees the loan. 

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