HVG: Hung Vuong Corp to issue VND300-billion bonds

HVG: Hung Vuong Corp to issue VND300-billion bonds

According to the board resolution dated September 11, 2014, the Board of Directors of Hung Vuong Corporation approved a plan for a private placement of bonds in 2014 as follows:

1)     Issuer: Hung Vuong Corporation

2)     Bond name: TPHVG2014

3)     Bond type: non-convertible bond, secured by the third party’s guarantee.

4)     Currency unit: VND

5)     Par value: VND1 billion

6)     Issue volume: 300 bonds

7)     Total issue par value: VND300 billion

8)     Selling price (estimated): equal to the par value

9)     Bond term: 03 years

10)  Interest: based on market interest rate

11)  Interest term: 03 months/time

12)  Bond form: book-entry

13)  Investors: financial institutions, credit institutions in Vietnam.

14)  Issue method: private placement

15)  Issue date (estimated): from September to October 2014

16)  Purpose of the issue: to raise the company’s working capital.

17)  Plan for capital use: Total mobilized capital of VND300 billion will be used to purchase aquatic feed.

18)  Agent of issue: Saigon Securities Incorporation (SSI) - Ha Noi Branch.

19)  Agent managing the third party’s collateral: Vietnam International Commercial Joint Stock Bank (VIB)

20)  Firm paying bond principal and interest: Hung Vuong Corporation

21)  Payment method: by transfer

22)  Place of issue: the head office of Hung Vuong Corporation.

HOSE