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GEX: Repurchase of VND195 billion bonds before maturity The Board resolution dated November 18, 2022, the BOD of GELEX Group Joint Stock Company announces the repurchase of VND195 billion bonds with details as follows:
I. Information on bond repurchase:
1) Bond 1:
- Issuer: GELEX Group Joint Stock Company
- Bond code: BONDGEX/2020.01
- Par value: 100,000,000 dongs/bond
- Total value of issuance (at par value): 200,000,000,000 dongs
- Total value of outstanding (at par value): 64,800,000,000 dongs
- Number of outstanding bonds: 648 bonds
- Issue date: July 22, 2020
- Maturity date: July 22, 2023
- Interest rate:
+ For the first two years interest: 10%/year
+ For the next years interest: sum of 3.5%/year and the reference interest rate.
2) Bond 2:
- Issuer: GELEX Group Joint Stock Company
- Bond code: BONDGEX/2020.02
- Par value: 100,000,000 dongs/bond
- Total value of issuance (at par value): 200,000,000,000 dongs
- Total value of outstanding (at par value): 130,300,000,000 dongs
- Number of outstanding bonds: 1,303 bonds
- Issue date: July 23, 2020
- Maturity date: July 23, 2023
- Interest rate:
+ For the first two years interest: 10%/year
+ For the next years interest: sum of 3.5%/year and the reference interest rate.
II. Plan for bond repurchase:
- Bond 1: BONDGEX/2020.01
- Bond 2: BONDGEX/2020.02
- Repurchase method: agreement between GELEX and bondholders
- Repurchase volume:
+ Bond 1: 648 bonds, equivalent to VND64,800,000,000 (at par value)
+ Bond 2: 1,303 bonds, equivalent to VND130,300,000,000 (at par value)
- Expected repurchase time: expected on November 28, 2022.
HOSE
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