Cuongthuan Idico Development Investment Corporation announces the Board resolution dated March 15, 2019 regarding the plan for private placement of bonds as follows:

-       Issuer: Cuongthuan Idico Development Investment Corporation

-       Bond type: non-convertible, secured bond

-       Bond code: CTI_BOND_2019_01

-       Par value: VND100,000,000

-       Bond form: book-entry

-       Issue volume (maximum): 1,000 bonds

-       Total issue value(maximum): VND100 billion

-       Bond term: 02 years

-       Estimated issue date: March 29, 2019 or another day decided by the Board Chairman

-       Selling price: 100% par value. 

-       Interest rate: 10%/year for the first year. From the second year, CTI will apply a floating interest rate with the adjustment every six months and defined by the reference interest rate plus 3.3%/year.

-       The reference interest rate means the average of individual saving interest rates in VND, deferred payment, term of 12 months, quoted by 04 commercial banks: BIDV, Vietinbank, Vietcombank and Agribank on the interest determination date.

-       Interest payment period: every 06 months

-       Agent for issue: SSI Securities Corporation

-       Agent for registration, depository, payment and transfer management: Vietcombank Securities Company Ltd.

-       Agent for collateral management: Vietcombank Securities Company Ltd. – Dong Nai Branch.