VCI: Board approves to issue VND500 billion bonds Viet Capital Securities Joint Stock Company announces Board Resolution No.03/2018 dated January 17, 2018 as follows:
The Board of Directors approved the first bond issuance of 2018, worth VND500 billion.
1) Bond type: non-convertible bond
2) Total value of bonds expected to issue: VND500 billion (divided into many phases)
3) Interest rate: to be decided by the Directorate, and the maximum interest rate will not higher than the average rate of mid-term deposit rates at BIDV, Vietinbank and plus 4.5%.
4) Par value: VND10,000,000.
5) Issue price: equal to the par value
6) Number of bonds expected to issue: 50,000 bonds
7) Currency unit: VND
8) Number of issue phase: the bonds will be issued in many phases in 2018.
9) Bond term: 24 months
10) Bond form: book-entry
11) Issue method: private placement. HOSE
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