The Board resolution dated January 16, 2020, Hung Thinh Incons Joint Stock Company approved the plan for bond private issuance in 2020 as follows:
- Issuer: Hung Thinh Incons Joint Stock Company
- Bond name: Bond of Hung Thinh Incons Joint Stock Company
- Bond code: HTINCONS.2020.01
- Bond form: book entry
- Bond type: non-convertible, secured and without warrants
- Issue exchange: VND
- Bond term: 18 months
- Par value: VND 100,000
- Expected issue volume: 3,000,000 bonds
- Offering price: 100% par value
- Total value: VND 300,000,000,000
- Stage of issues: 01
- Expected issue time: 2020
- Expected maturity time: 2021
- Interest payment term: Once every three months
- Bond interest rate:
+ For the first year: 11%/year
+ For the second year: sum of 4.1%/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.
- The firms participating in the private offering:
+ Tan Viet Securities Incorporation (TVSI)
+ Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank).
- The partners related to the private placement:
+ Tan Viet Securities Incorporation (TVSI)
+ Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank).