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HDC: Board approves to issue corporate bonds On December 29, 2017, the Board of Directors of Ba Ria – Vung Tau House Development Joint Stock Company approved the following contents:
1) To approve the policy on issuing corporate bonds:
- Total issue value: 300 billion dongs
- Expected interest rate: the maximum rate for the first year: 10%. From the second year, the interest rate will be equal to the average rate of the individual saving interest rates (term of 12 months, paid at the end of period) of 04 banks Vietcombank, Vietinbank, BIDV and Agribank, and plus 3.5%/year.
- Bond term: 05 years
- Purpose: to invest in Fusion Suites Project, Hai Dang Project, Dai Duong Project.
2) To approve to submit the following contents to the 2018 Annual General Meeting of Shareholders:
- Dividend rate:
- For 2017: 10% in cash
- For 2018: 10% in cash and 5% in stock
- ESOP:
- Issue ratio: 2.2%/charter capital
- Issue price: 10,000 dongs/share
- To issue shares to the existing shareholders:
- Issue ratio: 5:1
- Issue price: 10,000 dongs/share.
HOSE
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