The Board resolution dated October 28, 2022, the BOD of City Auto Corporation approved the plan to issue bonds in 2022 with details as follows:
- Issuer: City Auto Corporation
- Issuance volume: 1,000 bonds; Of which:
+ Phase 1: 500 bonds
+ Phase 2: 500 bonds
- Total value of issuance: VND100,000,000,000; Of which:
+ Phase 1: VND50,000,000,000
+ Phase 2: VND50,000,000,000
- Issuance purpose: to restructure debt of the issuer
- Bond term: 18 months
- Par value: VND100,000,000/bond
- Bond code (phase 1): CTFH2224001
- Issuance price: 100% par value
- Bond form: book entry
- Estimated interest rate: 11%/year
- Interest payment term: Once every three months
- Estimated issuance date:
+ Phase 1: expected in November 03, 2022
+Phase 2: less than 05 months from the issuance date of the issuance.
- Consulting and issuance agent: Viet First Securities Joint Stock Company (VFS).