HDC: Board approves to issue corporate bonds

On July 27, 2020, the Board of Directors of Ba Ria – Vung Tau House Development Joint Stock Company approved a plan for private placement of bonds as follows:

-          Issuer: Ba Ria – Vung Tau House Development Joint Stock Company

-          Bond code: HDC_BOND2020

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

-          Issue method: private placement

-          Currency unit: VND

-          Bond form: book-entry

-          Par value: 1,000,000,000 dongs/bond

-          Issue price: 100%/bond

-          Maximum issue volume: 300 bonds

-          Maximum issue value: 300,000,000,000 dongs

-          Bond term: 15 months

-          Estimated interest rate: 10.5%/year

-          Issue date: in Quarter III of 2020.

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