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DLG: DLG to issue VND500 billion bonds

Dec 15th at 17:19
15-12-2014 17:19:25+07:00

DLG: DLG to issue VND500 billion bonds

Duc Long Gia Lai Group Joint Stock Company announced Board Resolution No.06 dated December 11, 2014 about a private placement of corporate bonds as follows:

Article 1: Approve the private placement of corporate bonds:

-          Total issue value (estimated): VND500 billion

-          Par value: VND1 billion/bond

-          Bond term: VND250 billion bonds with term of 03 years, and VND250 billion bonds with term of 05 years.

-          Bond type: non-convertible bonds

-          Bond form: book-entry

-          Issue time: in Quarter IV/2014 or in 2015

-          Bond interest: paid every 06 months or once a year. Interest rate: floating rate, adjusted every 06 months or once a year.

-          Purpose: to restructure debts

Article 2: Decide to use assets of the company and the third party (underwriter) to mortgage for the private placement.   

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