Binh Duong Trade and Development Joint Stock Company announced Board Resolution No.14 dated November 03, 2020 approving a private placement of bonds in 2020 as follows:

-          Bond code:TDC.BOND.2020.700

-          Purpose: to raise funds of the issuer

-          Par value: VND1,000,000

-          Issue quantity: 700,000 bonds, or VND700 billion

-          Consulting firm: Navibank Securities Joint Stock Company

-          Interest rate:

*  For the first 04 periods: 10.5%/year;

*  For the fifth period to eighth period: 11%/year;

*  For the ninth period and next periods: the reference interest rate + 5%/year, but not lower than 11.5%/year;  

Of which, the reference interest rate is defined by the average rate of savings interest rates in VND, deferred, 12-month term, quoted by VPBank on the determination day.

-          Interest payment period: every 03 months

-          Issue date: Quarter IV/2020

-          Bond term: 05 years

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