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SBT: Board approves to issue convertible bonds
HSX - 2/13/2020 1:54:00 PM
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According to Board Resolution No.06 dated February 11, 2020, the Board of Directors of Thanh Thanh Cong - Bien Hoa Joint Stock Company approved to implement the plan for issuing convertible bonds as follows:

-       Issuer: Thanh Thanh Cong - Bien Hoa Joint Stock Company

-       Bond name: Convertible bond of Thanh Thanh Cong - Bien Hoa Joint Stock Company

-       Bond type: convertible and secured bond

-       Purpose of bond issue: to restructure finance

-       Bond form: certificate or electronic data (decided by investors)

-       Issue method: private placement

-       Par value: VND1,000,000,000/bond

-       Estimated issue volume: 1,200 bonds

-       Estimated interest rate: 3.5%/year, or negotiated by the issuer and investors

-       Bond term: at least 03 years

-       Currency unit: VND

-       Issue date: negotiated by the issuer and investors, within 90 days from the day the State Securities Commission approves the bond issue plan in writing.

-       Conversion principle: the bonds are allowed to be partially or wholly converted into common shares after 01 year from the finish date of bond issue.

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