The Board resolution dated September 22, 2021, the BOD of Joint Stock Commercial Bank for Investment and Development of Vietnam approved the following issues:
Article 1: Approving the amendment, supplement of the contents in the plan for the bond public offering in 2021 with details as follows:
1) Issuance time: QIII/2021 – QIV/2021, after being approved by the State Securities Commission of Vietnam (SSC).
2) Plan for using capital from the public offering: total proceeds from the offering in 2021 will be used to raise the bank’s working capital, making loans to the economy for the expected industries as follows
No.
Content
Plan for using capital (billion dongs))
Time for using capital
I
Phase 1
5,000
1
Production, electricity distribution, gas fuel, other power generation
2,500
QIII/2021 – QI/2022
2
Industry, industrial trade
500
3
Other fields
2,000
II
Phase 2
4,000
QIV/2021 – QII/2022
1,500
Total
9,000
3) Issuance method: direct issuance and/or agent
Article 2: Approving the registration to list the additional issued bonds on the Hanoi Stock Exchange (HNX).