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FCN: Plan for private placement of bonds

Dec 1st at 14:30
01-12-2020 14:30:05+07:00

FCN: Plan for private placement of bonds

According to the Board resolution dated November 23, 2020, the Board of Directors of FECON Corporation approved a plan for the second private placement of bonds of 2020 with the total issue value of 80 billion dongs.

-          Issuer: FECON Corporation

-          Bond type: non-convertible secured bond, without warrants

-          Currency unit: VND

-          Maximum issue value: 80 billion dongs

-          Bond term: 18 months

-          Issue method: private placement

-          Par value: VND1,000,000/bond

-          Issue date: in December 2020

-          Issue price: 100% par value

-          Interest rate: 11%/year

-          Issue agent: Petro Vietnam Securities Incorporated

-          Audit firm: Auditing Company Limited (abbreviation: CPA VIETNAM)

-          Subscription, depository, payment and transfer management agent: Petro Vietnam Securities Incorporated

-          Collateral management, bondholder representative: Petro Vietnam Securities Incorporated.

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