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HAX: Approved the convertible bond issuance in the private placement The Board resolution dated November 22, 2021, the BOD of Hang Xanh Motors Service Joint Stock Company approved to issue the convertible bond in the private placement with details as follows:
- Issuer: Hang Xanh Motors Service Joint Stock Company
- Bond name: HAXH2223001 bond
- Bond code: HAXH2223001
- Bond type: convertible bond, unsecured
- Issuance method: private placement
- Issuance form: book entry
- Estimated issuance volume: 1,800,000 bonds
- Par value: VND100,000/bond
- Total value of issuance (at par value): VND180,000,000,000
- Number of issuance phases: 01
- Time of implementation: expected in Quarter I/2022, after being approved by the State Securities Commission of Vietnam (SSC).
- Bond term: 18 months from the issuance date
- Issuance price: 100% par value
- Nominal interest: 3%/year
- Conversion time: after 01 year from the ending date of the issuance until 5 months before the maturity date
- Convertible price: 12,000 dongs/share
- Convertible ratio: a bond will be converted into 8.333 shares, equivalent to the exercise ratio of 12:100 (12 bonds will be converted 100 shares).
- Issuance agent: DNSE Securities JSC
Depository, Registration agent: DNSE Securities JSC HOSE
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