NBB Investment Corporation announced Board Resolution No.51 dated July 27, 2015 as follows:
The Board of Directors approved the detailed contents of private placement of convertible bonds:
- Bond type: convertible bond
- Par value: VND1,000,000/bond
- Total offering volume: 210,000 bonds
- Offering price: VND1,000,000/bond
- Bond term: 05 years
- Interest: 08%/year
- Time of implementation: Quarter II – III/2015
- Interest payment: every 06 months from the issue date.
- Conversion price: VND22,500/share, and authorize the Directorate to decide a real conversion price after negotiating with investors. The real conversion price is not lower than VND21,000/share.
- Conversion time: at the end of the first year from the issue date, or 06 months from the issue date.