HTN: BOD approves the plan for bond private issuance The Board resolution dated January 16, 2020, Hung Thinh Incons Joint Stock Company approved the plan for bond private issuance in 2020 as follows:
- Issuer: Hung Thinh Incons Joint Stock Company
- Bond name: Bond of Hung Thinh Incons Joint Stock Company
- Bond code: HTINCONS.2020.01
- Bond form: book entry
- Bond type: non-convertible, secured and without warrants
- Issue exchange: VND
- Bond term: 18 months
- Par value: VND 100,000
- Expected issue volume: 3,000,000 bonds
- Offering price: 100% par value
- Total value: VND 300,000,000,000
- Stage of issues: 01
- Expected issue time: 2020
- Expected maturity time: 2021
- Interest payment term: Once every three months
- Bond interest rate:
+ For the first year: 11%/year
+ For the second year: sum of 4.1%/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 BIDV, Vietcombank, VietinBank and Agribank on the determination date.
- The firms participating in the private offering:
+ Tan Viet Securities Incorporation (TVSI)
+ Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank).
- The partners related to the private placement:
+ Tan Viet Securities Incorporation (TVSI)
+ Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank).
HOSE
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