The Board resolution dated December 24, 2018, Binh Duong Water Environment Joint Stock Company approved the private placement of bond with the following contents:
- Issuer: Binh Duong Water Environment Joint Stock Company
- Bond name: BWEBOND2018
- Par value: VND100,000,000/bond
- Number of registered bonds to issue: 2,000 bonds
- Total value (based on par value): VND200,000,000,000
- Issue method: private placement
- Issue purpose: to increase its capital
- Term: 03 years from the issue date
- Issue period: expected from Q4.2018 to Q1.2019
- Issue price: equal to 100% par value
- Term of interest payment: Once every three months
- Interest rate:
+ For the first interest term: 9.5%/year;
+ For the next interest terms: sum of 3.5%/year and the reference interest rate is the average of the interest rates of personal savings (deferred interest payment) with a term of 12 months (or equivalent) in VND quoted by BIDV, Vietcombank, VietinBank and Agribank on the determination date.
- Consulting company: Orient Securities Corporation (ORS).