NSI: Board resolution on bond issuance
National Securities Incorporation (short name: NSI) announces Board Resolution No.29 dated August 12, 2020 as follows:
The Board of Directors approved a private placement of bonds in 2020:
− Issuer: National Securities Incorporation
− Bond type: non-convertible, secured bond, no warrants
− Bond name: Bond of National Securities Incorporation
− Bond code: N – BOND
− Face value: VND100,000,000/bond
− Estimated offering volume: 1,000 bonds
− Estimated offering value at face value: VND100,000,000,000.
− Bond term: 12 months
− Interest rate: 10.5%/year
− Interest payment period: once every 6 months
− Issue method: private placement.
− Estimated issue date: August 18, 2020.