An Gia Real Estate Investment and Development Corporation announces Board Resolution No.19/2020 dated July 08, 2020 as follows:
1) Approving a plan for issuing corporate bonds of An Gia Real Estate Investment and Development Corporation with the maximum par value of VND700 billion.
− Issuer: An Gia Real Estate Investment and Development Corporation
− Bond type: non-convertible, secured bond, no warrants
− Bond form: book-entry
− Par value: VND100,000,000
− Currency unit: VND
− Maximum issue volume: 7,000 bonds
− Maximum issue value: VND700,000,000,000
− Issue price: 100% par value
− Maximum bond term: 35 months from the issue date of Phase 1
− Issue method: private placement
− Number of issue phases: 02 phases. Of which:
- Phase 1: 6,000 bonds, or VND600,000,000,000, expected in Quarter III of 2020;
- Phase 2: 1,000 bonds, or VND100,000,000,000, expected in Quarter III or Quarter IV of 2020.
− Interest payment period: every 06 months from the issue date of Phase 1
2) Approving to mortgage the assets owned by An Gia Real Estate Investment and Development Corporation and/or guarantee measures of the third party to guarantee the payment obligations and other obligations for the bonds.