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BID: BOD resolution dated December 24, 2021 The Board resolution dated December 24, 2021, the BOD of Joint Stock Commercial Bank for Investment and Development of Vietnam approved the amendment of contents in the plan for the bond public offering in 2021 with details as follows:
1) Bond interest rate: the interest rate range for bond term of 07 years:
Term of 07 years: Interest = reference interest + range 0.5%/year. In case of BIDV does not repurchase bonds at the date of exercise of the redemption right, the bond interest rate for the last 02 years is equal to the reference interest rate + 3.%/year.
2) Issuance time:
- Phase 1: expected in January 2022
- Phase 2: expected in QII/2022 or QIII/2022.
Time for using capital:
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No.
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Content
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Plan for using capital (billion dongs))
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Time for using capital
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I
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Phase 1
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5,000
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|
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1
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Production, electricity distribution, gas fuel, other power generation
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2,500
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QI/2022 – QIII/2022
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|
2
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Industry, industrial trade
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500
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|
3
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Other fields
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2,000
|
|
II
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Phase 2
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4,000
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|
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1
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Production, electricity distribution, gas fuel, other power generation
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2,000
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QII/2022 – QIV/2022
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|
2
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Industry, industrial trade
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500
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3
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Other fields
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1,500
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|
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Total
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9,000
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HOSE
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