CTI: BOD resolution on adjusting the plan for private placement of bond
CTI: BOD resolution on adjusting the plan for private placement of bond
On April 08, 2019, the Board of Directors of Cuongthuan Idico Development Investment Corporation approved to adjust the plan for private of placement of bond as follows:
- Issuer: Cuongthuan Idico Development Investment Corporation
- Bond code: CTI_BOND_2019_01
- Par value: VND100,000,000/bond
- Bond form: book entry
- Issue volume: 800 bonds
- Total value (based on par value): VND80,000,000,000
- Issue method: private placement
- Issue phase: 01
- Bond term: 02 years
- Issue time: expected in April 23, 2019
- Issue price: 100% par value
- Interest rate:
+ For the first interest period: 10%/year
+ For the next interest: sum of 3.3%/year and the reference interest rate. In particular, 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.
- Term of interest payment: once every 06 months.
- Principle and interest payment method:
+ The bonds interest will be paid for once every 06 months from the issue date.
+ The bonds principle will be paid in two years from the issue date.
- Agent for registration and depository: Vietcombank Securities Company Ltd.
HOSE
