The Board resolution dated November 18, 2022, the BOD of GELEX Group Joint Stock Company announces the repurchase of VND195 billion bonds with details as follows:
I. Information on bond repurchase:
1) Bond 1:
- Issuer: GELEX Group Joint Stock Company
- Bond code: BONDGEX/2020.01
- Par value: 100,000,000 dongs/bond
- Total value of issuance (at par value): 200,000,000,000 dongs
- Total value of outstanding (at par value): 64,800,000,000 dongs
- Number of outstanding bonds: 648 bonds
- Issue date: July 22, 2020
- Maturity date: July 22, 2023
- Interest rate:
+ For the first two years interest: 10%/year
+ For the next years interest: sum of 3.5%/year and the reference interest rate.
2) Bond 2:
- Issuer: GELEX Group Joint Stock Company
- Bond code: BONDGEX/2020.02
- Par value: 100,000,000 dongs/bond
- Total value of issuance (at par value): 200,000,000,000 dongs
- Total value of outstanding (at par value): 130,300,000,000 dongs
- Number of outstanding bonds: 1,303 bonds
- Issue date: July 23, 2020
- Maturity date: July 23, 2023
- Interest rate:
+ For the first two years interest: 10%/year
+ For the next years interest: sum of 3.5%/year and the reference interest rate.
II. Plan for bond repurchase:
- Bond 1: BONDGEX/2020.01
- Bond 2: BONDGEX/2020.02
- Repurchase method: agreement between GELEX and bondholders
- Repurchase volume:
+ Bond 1: 648 bonds, equivalent to VND64,800,000,000 (at par value)
+ Bond 2: 1,303 bonds, equivalent to VND130,300,000,000 (at par value)
- Expected repurchase time: expected on November 28, 2022.