NVL: Resolution on the conditions of international convertible bond
NVL: Resolution on the conditions of international convertible bond
On April 20, 2018, the Board of Directors of No Va Land Investment Group Corporation approved the terms and conditions of bond as follows:
- Bond name: International convertible bond of No Va Land Investment Group Corporation
- Bond type: convertible, unsecured bond
- Par value: USD200,000/bond, equivalent to VND4,554,600,000/bond (the fixed exchange rate: 22,773 VND/USD)
- Issue volume: 800 bond
- Issue value: USD160,000,000.
- Interest rate: 5.50%/year, paid once every six months
- Repurchase rate: 6.25%/year, calculated once every six months
- Conversion price: VND74,750/share (the fixed exchange rate: 22,773 VND/USD)
- Conversion ratio: 60,931 share/bond (can be adjusted based on the conversion price)
- Number of shares estimated to be issued for conversion: 48,744,800 shares (can be adjusted based on the conversion price).
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