On April 08, 2019, the Board of Directors of Cuongthuan Idico Development Investment Corporation approved to adjust the plan for private of placement of bond as follows:
- Issuer: Cuongthuan Idico Development Investment Corporation
- Bond code: CTI_BOND_2019_01
- Par value: VND100,000,000/bond
- Bond form: book entry
- Issue volume: 800 bonds
- Total value (based on par value): VND80,000,000,000
- Issue method: private placement
- Issue phase: 01
- Bond term: 02 years
- Issue time: expected in April 23, 2019
- Issue price: 100% par value
- Interest rate:
+ For the first interest period: 10%/year
+ For the next interest: sum of 3.3%/year and the reference interest rate. In particular, 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.
- Term of interest payment: once every 06 months.
- Principle and interest payment method:
+ The bonds interest will be paid for once every 06 months from the issue date.
+ The bonds principle will be paid in two years from the issue date.
- Agent for registration and depository: Vietcombank Securities Company Ltd.