On September 30, 2019, the Board of Directors of Kinh Bac City Development Holding Corporation approved the plan for issuing bonds as follows:

−      Bond name: KBCBOND2019-02

−      Bond type: non-convertible, secured bond, no warrants

−      Par value: VND100,000/bond

−      Total offering volume: 2,000,000 bonds

−      Total offering value: VND200,000,000,000.

−      Issue method: private placement

−      Offering price: at least 100% par value

−      Bond term: 18 months

−      Time of implementation: in Quarter IV.2019

−      Interest rate:

·     For the first two interest periods: 10.5%/year

·     For the next interest periods: the sum of 3.8%/year and the reference interest rate. In particular, the reference interest rate is the average of the interest rates of personal savings (deferred interest payment) with a term of 12 months (or equivalent) in VND quoted by VietinBank, Vietcombank, BIDV, and Agribank on the determination date.

−      Interest payment period: once every 06 months.  

−      Consulting firm: Baoviet Securities Joint Stock Company (BVSC)