Electrical Equipment Joint Stock Company announces the issuance of corporate bonds as follows:
- Issuer: Electrical Equipment Joint Stock Company
- Issue volume: 5,500 bonds
- Total nominal value: VND550,000,000,000
- Purpose: to raise the issuer’s capital
- Bond term (maximum): 03 years
- Face value: VND100,000,000/bond
- Bond type: non-convertible, secured bond, without warrant
- Bond form: certificate, book-entry or electronic data
- Interest rate:
- The interest rate applied for three first interest periods will be 10.5%/year. The interest rate applied for the first adjustment period and two next adjustment periods will be equal to the sum of (i) 3.5%/year and (ii) the reference interest rate in the adjustment period, not exceeding 10.5%/year.
- The interest rate applied for next adjustment periods after the three adjustment ones above will be equal to the sum of (i) 3.5%/year and (ii) the reference interest rate in the adjustment period.
- Of which, the reference interest rate will be equal to the average interest rate of personal savings in VND, term of 12 months, quoted at BIDV, Vietinbank, TPBank and Vietcombank.
- Interest payment period: every six months
- Interest adjustment period: consecutive three months
- Expected trading date: in Quarter 1.2019
- Consulting firm and agent for issue: IB Securities Joint Stock Company.
- Agent for payment, registration, depository, transfer: Tien Phong Commercial Joint Stock Bank (TPBank).