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KBC: Board approves the plan for issuing KBCBond2019-03
HSX - 6/24/2019 4:31:00 PM
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On June 21, 2019, the Board of Directors of Kinh Bac City Development Holding Corporation approved the plan for issuing bonds as follows:

−        Bond name: KBCBOND2019-03

−        Bond type: non-convertible, secured bond

−        Par value: VND100,000/bond

−        Total offering volume: 2,000,000 bonds

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

−        Offering price: at least 100% par value

−        Bond term: 18 months

−        Time of implementation: in Quarter III.2019

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

ü  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 Vietcombank, VietinBank, BIDV, and Agribank on the determination date.

−        Interest payment period: once every 06 months.  

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