CII: CII completes the private placement of bonds to RHINOS
CII: CII completes the private placement of bonds to RHINOS
On July 11, 2017, Hochiminh City Infrastructure Investment Joint Stock Company (CII) completed the private placement to Industrial Bank of Korea, the bank trusted by Rhinos Vietnam Convertible Bond Private Investment Fund No.2., to get US$20 million. These bonds have an interest rate of 1%/year (in US$) and a conversion price of VND38,500/share.
In case investors convert entire US$60 million convertible bonds into CII shares, the whole of 33.5 million treasury shares of CII will be sold for VND38,500 per share, and CII will earn the surplus of nearly VND540 billion for its existing shareholders.
HOSE