According to Board Resolution No.135 dated September 03, 2019, the Board of Directors of Ha Do Group Joint Stock Company approved a plan for private placement of bonds and a plan for the use of proceeds from the private placement.
- Issuer: Ha Do Group Joint Stock Company
- Bond name: HDG.Bond.2019.03
- Bond type: non-convertible, with warrants, unsecured
- Par value: VND1,000,000,000/bond
- Estimated offering volume: 500 bonds
- Estimated offering value: VND500 billion
- Issue date: in Quarter III-IV/2019
- Issue price: 100% par value
- Coupon rate: a maximum of 6%/year
- Redemption premium: a maximum of 11%/year
- Bond term: 03 years
- Collateral: none
- Consulting firm: Viet Capital Securities Joint Stock Company
- Plan for the use of proceeds from the private placement: All proceeds estimated at VND500 billion will be used to (i) invest in Dak Mi 2 Hydropower Project (a project of Agrita - Quang Nam Energy Joint Stock Company, a subsidiary of HDG) and (ii) raise HDG’s working capital.