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CTI: Board resolution on bond issuance Cuongthuan Idico Development Investment Corporation announces the Board resolution dated March 15, 2019 regarding the plan for private placement of bonds as follows:
- Issuer: Cuongthuan Idico Development Investment Corporation
- Bond type: non-convertible, secured bond
- Bond code: CTI_BOND_2019_01
- Par value: VND100,000,000
- Bond form: book-entry
- Issue volume (maximum): 1,000 bonds
- Total issue value(maximum): VND100 billion
- Bond term: 02 years
- Estimated issue date: March 29, 2019 or another day decided by the Board Chairman
- Selling price: 100% par value.
- Interest rate: 10%/year for the first year. From the second year, CTI will apply a floating interest rate with the adjustment every six months and defined by the reference interest rate plus 3.3%/year.
- The reference interest rate means the average of individual saving interest rates in VND, deferred payment, term of 12 months, quoted by 04 commercial banks: BIDV, Vietinbank, Vietcombank and Agribank on the interest determination date.
- Interest payment period: every 06 months
- Agent for issue: SSI Securities Corporation
- Agent for registration, depository, payment and transfer management: Vietcombank Securities Company Ltd.
- Agent for collateral management: Vietcombank Securities Company Ltd. – Dong Nai Branch.
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