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VPB: BOD approves the plan for bonds issuance on international market (phase 1)

Jul 12th at 16:25
12-07-2019 16:25:47+07:00

VPB: BOD approves the plan for bonds issuance on international market (phase 1)

The Board resolution dated July 10, 2019, the Board of Directors of VietNam Prosperity Joint Stock Commercial Bank approved the plan for first bonds issuance under Euro Medium Term Note which was offered at international market and list on the Singapore Stock Exchange (SGX-ST) with the following terms:

-          Issuer: VietNam Prosperity Joint Stock Commercial Bank

-          Issuance currency: USD

-          Bond type: non-convertible bond, unsecured and without warrants

-          Issuance value: 300,000,000 USD

-          Bond term: 03 years

-          Issuance purpose: to increase the scale of VPBank's activities

-          Issue date: July 17, 2019

-          Maturity: July 17, 2022

-          Interest payment: Once every six months

-          Issuance form and bond listing: to issue bonds on international market and list on the Singapore Stock Exchange (SGX).

-          Issuance method: Book building

-          Nominal interest rate: 6.25%/year

-          Offering object: Foreign investors

-          Issuance venue: international market and list on the Singapore Stock Exchange (SGX)

-          Principle and interest payment agent: VPBank.

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