TTB: BOD resolution on the plan for corporate bonds issuance
TTB: BOD resolution on the plan for corporate bonds issuance
Tien Bo Joint Stock Company (TTB) approved to plan the corporate bonds issuance with the following contents:
- Issuer: Tien Bo Joint Stock Company (TTB)
- Bond type: non-convertible, without warrants and secured bond
- Par value: VND1,000,000/bond
- Total value (based on par value): VND300,000,000,000, equivalent to 300,000 bonds
- Issue form: private placement, book entry.
- Issue time: expected in December 2018
- Bond term: 03 years
- Issue price: 100% par value
- Time for bonds purchase settlement: the finish date of the purchase of bonds by the vendee to the issuer.
- Interest rate:
+ For the first one interest term: 10.5%/year;
+ For next interest periods: sum of 3.5%/year and the reference interest rate is the average of the interest rates of personal savings (deferred interest payment) with a term of 12 months (or equivalent) in VND quoted by BIDV, Vietcombank, VietinBank and Agribank on the determination date.
- Payment Guarantee: Sai Gon – Ha Noi Commercial Joint Stock Bank (SHB) – Thai Nguyen Branch.
HOSE
