The Board resolution dated September 03, 2019, the Board of Directors of Vietnam Technological and Commercial Joint Stock Bank approved the plan for the bond issuance in 2019 as follows:
- Issuer: Vietnam Technological and Commercial Joint Stock Bank
- Bond name: Techcombank bond
- Bond type: non-convertible bond, unsecured and without warrants
- Par value: 1,000,000,000 dongs/bond
- Issue volume: VND10,000 billion
- Issue currency: VND
- Issue country: Vietnam
- Issue place: Techcombank Tower, 191 Ba Trieu, Le Dai Hanh, Hai Ba Trung, Hanoi.
- Bond form: book entry
- Issue method: private placement
- Bond term: 03 years
- The bonds interest will be paid on the maturity date and payment date before maturity.
- Number of expected issues: 10 phases (Each phase will expect to issue: VND5,000 billion).
- Time of implementation: expected in Q3.2019 & Q4.2019
- Place for interest payment: to transfer to the bondholder's account.
- Total proceeds from the bond issuance will be used to make a loan to customers.
- The firms participating in the bond issuance:
+ Issue consultancy agent: Techcom Securities Joint Stock Company (TCBS)
+ Depository and payment agent: Techcom Securities Joint Stock Company (TCBS).