HDG: Board resolution on private placement of bonds

HDG: Board resolution on private placement of bonds

According to Board Resolution No.135 dated September 03, 2019, the Board of Directors of Ha Do Group Joint Stock Company approved a plan for private placement of bonds and a plan for the use of proceeds from the private placement.

-       Issuer: Ha Do Group Joint Stock Company

-       Bond name: HDG.Bond.2019.03

-       Bond type: non-convertible, with warrants, unsecured

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

-       Estimated offering volume: 500 bonds

-       Estimated offering value: VND500 billion

-       Issue date: in Quarter III-IV/2019

-       Issue price: 100% par value

-       Coupon rate: a maximum of 6%/year

-       Redemption premium: a maximum of 11%/year

-       Bond term: 03 years

-       Collateral: none

-       Consulting firm: Viet Capital Securities Joint Stock Company

-       Plan for the use of proceeds from the private placement: All proceeds estimated at VND500 billion will be used to (i) invest in Dak Mi 2 Hydropower Project (a project of Agrita - Quang Nam Energy Joint Stock Company, a subsidiary of HDG) and (ii) raise HDG’s working capital.

 

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