IJC: Board Resolution on an Issuance of Corporate Bonds
IJC: Board Resolution on an Issuance of Corporate Bonds
Becamex Infrastructure Development Joint Stock Company (BECAMEX IJC) announced Board Resolution No.14/2014/NQ-HDQT dated October 29, 2014 as follows:
- The Board of Directors approved a plan to mobilize capital via an issuance of corporate bonds in 2014:
Purpose
:
To invest in Prince Town (Expansion phase)
Par value
:
VND1,000,000,000/bond
Issue volume
:
400 bonds, VND400 billion
Bond interest rate
- In the first year
:
12.2%/year
- In the next period
:
The bond interest rate is adjusted according to the adjustment period and equal to a “reference rate” plus 4%/year.
The “reference rate” is defined to be the average of saving interest rates in VND for individuals, deferred payment, term of 12 months, quoted at 04 banks: (i) BIDV – Headquarter I, (ii) Vietinbank – Ha Noi Branch, (iii) Vietcombank – Ha Noi Branch, and (iv) Agribank – Headquarter, on the determination date.
Interest payment period
:
Every 06 months
Buyer, Asset management agent, Account management agent.
:
SeABank
Depository & payment agent
:
SeASecurities
Fees
:
- Asset management fee: 0.3%/bond cycle
- Account management fee: 0.5%/bond cycle
- Depository & payment agent fee: 0.2%/bond cycle
Issue time
:
in 2014
Bond term
:
05 years
Type of bond
:
Non-convertible, secured bond
HOSE
