DCL: Board approves to issue convertible bonds

The Board of Directors of Cuu Long Pharmaceutical Joint Stock Company approved and decided to implement the plan for issuing convertible bonds to international market as follows:

-          Total value of bonds to be issued: USD 20,000,000

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

-          Bond type: convertible, unsecured bond

-          Issue price: equal to 100% par value

-          Bond interest rate: 1%/year, paid in USD

-          Bond term: 05 years

-          Time of conversion: after 01 year from the issue date of bond.

-          Conversion price: 25,000 VND/share

-          Conversion ratio: equal to the par value of bond divided by the conversion price.

-          Purpose: the proceeds from the offering will be used to invest in production and raise the working capital of DCL and its subsidiaries, joint ventures. 

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