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CTG: BOD resolution dated November 25, 2022 The Board resolution dated November 25, 2022, the Board of Directors of Viet Nam Joint Stock Commercial Bank For Industry And Trade approved the following contents:
- Adjustment of the plan for bond issuance to the public in 2022:
- Bond code:
+ CTG2230T2/01
+ CTG2232T2/01
+ CTG2230T2/02
+ CTG2232T2/02
- Bond term:
+ CTG2230T2/01 & CTG2230T2/02: 08 years
+ CTG2232T2/01 & CTG2232T2/02: 10 years
- Number of issue phases: 02 phases, including:
+ Phase 1: CTG2230T2/01 & CTG2232T2/01
+ Phase 2: CTG2230T2/02 & CTG2232T2/02.
- Issuance volume: 90,000,000 bonds, Of which:
+ CTG2230T2/01: 20,000,000 bonds, equivalent to VND2,000 billion
+ CTG2232T2/01: 30,0000,000 bonds, equivalent to VND3,000 billion.
+ CTG2230T2/02: 15,000,000 bonds, equivalent to VN1,500 billion
+ CTG2232T2/02: 25,000,000 bonds, equivalent to VN2,500 billion
- Interest rate: Interest rate = reference rate + range
- Time for bond redemption:
+ CTG2230T2/01 & CTG2230T2/02: 03 years from the issue date
+ CTG2232T2/01 & CTG2232T2/02: 05 years from the issue date.
- Time of implementation:
+ CTG2230T2/01 & CTG2232T2/01: expected from Quarter 4/2022 to Quarter 1/2023
+ CTG2230T2/02 & CTG2232T2/02: expected from Quarter 2/2023 to Quarter 3/2023.
- Plan for using capital from the bond offering:
Total proceeds from the bond offering will be used the following purposes:
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No.
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Content
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Plan for using capital (billion dongs)
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Disbursement time (estimated)
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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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Manufacturing and processing industry
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2,200
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From Quarter 4/2022 to Quarter 3/2023
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2
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Production and distribution of electricity, gas
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1,700
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|
3
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Other sectors
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1,100
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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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Manufacturing and processing industry
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1,700
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From Quarter 1/2023 to Quarter 4/2023
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|
2
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Production and distribution of electricity, gas
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1,300
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|
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3
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Other sectors
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1,000
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|
|
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Total
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9,000
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HOSE
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