Cuongthuan Idico Development Investment Corporation announces the result of private placement of bonds as follows:
1. Result of private placement:
- Issuer: Cuongthuan Idico Development Investment Corporation
- Bond type: non-convertible, secured bond
- Par value: VND100,000,000
- Bond form: book-entry
- Issue volume: 800 bonds
- Total issue value: VND80 billion
- Bond term: 02 years
- Interest rate: 10%/year for the first year. From the second year, CTI will apply a floating interest rate with the adjustment every six months and defined by the reference interest rate plus 3.3%/year.
- The reference interest rate means the average of individual saving interest rates in VND, deferred payment, term of 12 months, quoted by 04 commercial banks: BIDV, Vietinbank, Vietcombank and Agribank on the interest determination date.
- Interest payment period: every 06 months
- Issue date: April 24, 2019
2. The companies participating in the private placement:
- Consulting and agent for issue: SSI Securities Corporation
- Agent for registration, depository, payment and transfer management: Vietcombank Securities Company Ltd.
- Agent for collateral management: Vietcombank Securities Company Ltd. – Dong Nai Branch.
3. List of bondholders:
- Vietcombank Securities Company Ltd.: VND80 billion of bonds (100% of the issue volume)