AGG: Board resolution on a private placement of bonds

An Gia Real Estate Investment and Development Corporation announces Board Resolution No.19/2020 dated July 08, 2020 as follows:

1)      Approving a plan for issuing corporate bonds of An Gia Real Estate Investment and Development Corporation with the maximum par value of VND700 billion.

−        Issuer: An Gia Real Estate Investment and Development Corporation

−        Bond type: non-convertible, secured bond, no warrants

−        Bond form: book-entry

−        Par value: VND100,000,000

−        Currency unit: VND

−        Maximum issue volume: 7,000 bonds

−        Maximum issue value: VND700,000,000,000

−        Issue price: 100% par value

−        Maximum bond term: 35 months from the issue date of Phase 1

−        Issue method: private placement

−        Number of issue phases: 02 phases. Of which:

-          Phase 1: 6,000 bonds, or VND600,000,000,000, expected in Quarter III of 2020;

-          Phase 2: 1,000 bonds, or VND100,000,000,000, expected in Quarter III or Quarter IV of 2020.

−        Interest payment period: every 06 months from the issue date of Phase 1

2)      Approving to mortgage the assets owned by An Gia Real Estate Investment and Development Corporation and/or guarantee measures of the third party to guarantee the payment obligations  and other obligations for the bonds.

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