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CTG: Board approves the fourth bond private offering of 2020

Jul 16th at 16:26
16-07-2020 16:26:49+07:00

CTG: Board approves the fourth bond private offering of 2020

On July 14, 2020, the Board of Directors of Viet Nam Joint Stock Commercial Bank for Industry and Trade approved the plan for the fourth bond private offering of 2020 as follows:

-          Issuer: Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank)

-          Bond name: Bond of Viet Nam Joint Stock Commercial Bank for Industry and Trade – the fourth private offering of 2020

-          Bond code: CTG2035T2/RL04

-          Type of bond: non-convertible, unsecured bond

-          Bond term: 15 years

-          Total issue value: VND50 billion

-          Currency unit: VND

-          Par value: VND1,000,000,000/bond

-          Issue price: 100% par value

-          Issue date: in July 2020

-          Maturity date: the ending date of 15 years from the issue date

-          Redemption date: the ending date of 10 years from the issue date

-          Interest rate: 7.85%/year

-          Issue method: private placement, direct sale to investors  

-          Bond form: book-entry

-          Interest payment period: annually. 

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