VCSC: BOD approves to issue VND800 billion bonds
VCSC: BOD approves to issue VND800 billion bonds
The Board resolution dated January 10, 2020, Viet Capital Securities Joint Stock Company approved the first bond private placement of 2020, worth VND 800 billion as follows:
- Bond type: non-convertible bond
- Total value of bonds issue: VND 800 billion (divided into many phases)
- Interest rate: the average rate of mid-term deposit rates by BIDV and Vietinbank, plus 3%/year.
- Par value: VND 10,000,000
- Issue price: 10,000,000 dongs/bond
- Currency unit: VND
- Issue volume: 80,000 bonds
- Bond term: 24 months
- Bond form: book entry
- Expected stage of issues: 02 phases:
+ Phase 1: VND500 billion (expected issue time: from February 2020 or April 2020);
+ Phase 2: VND 300 billion (expected issue time: from May 2020 or July 2020)
- Issue method: private placement
- Nominal interest rate: expected from 7%/year to 9%/year
- Expected issue date: February 01, 2020.
HOSE
