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KBC: Board approves the plan for issuing KBCBond2019-03 On June 21, 2019, the Board of Directors of Kinh Bac City Development Holding Corporation approved the plan for issuing bonds as follows:
− Bond name: KBCBOND2019-03
− Bond type: non-convertible, secured bond
− Par value: VND100,000/bond
− Total offering volume: 2,000,000 bonds
− Total offering value: VND200,000,000,000.
− Offering price: at least 100% par value
− Bond term: 18 months
− Time of implementation: in Quarter III.2019
ü For the first two interest periods: 10.5%/year
ü For the next interest periods: the sum of 3.8%/year and the reference interest rate. In particular, the reference interest rate is the average of the interest rates of personal savings (deferred interest payment) with a term of 12 months (or equivalent) in VND quoted by Vietcombank, VietinBank, BIDV, and Agribank on the determination date.
− Interest payment period: once every 06 months. HOSE
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