The Board resolutin dated October 22, 2021, the BOD of Dat Phuong Joint Stock Company approved to issue bonds in the private placement with details as follows:
- Issuer: Dat Phuong Joint Stock Company
- Bond type: non-convertible bond, unsecured and without warrant
- Issuance method: private placement
- Bond form: book entry
- Par value: VND100,000,000/bond
- Total value of issuance: VND300,000,000,000
- Issuance volume: 3,000 bonds
- Number of phases of issuance: 01
- Issuance time: expected in October 26, 2021
- Bond term: 36 months
- Issuance price: 100% par value
- Interest rate (estimated):
- For the first year interest: 10.5%
- For the next years: reference interest rate + range 3.5%/year. 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 BIDV, Vietcombank, VietinBank and Agribank on the determination date.
- Interst payment term: Once every six months.