Hoang Anh Gia Lai issues 350b dong of corporate bonds

Hoang Anh Gia Lai Group on December 31, 2008 issued two types of corporate bonds at the face value of one billion dong par under the book entry method with a total value of 350 billion dong to foreign and domestic institutions under the underwriting and consultancy of the Bank for Investment and Development of Vietnam (Bidv)’s Securities Co.

These bonds will be retailed with two terms including two-years and three-years.

These bonds will have floating coupon rate that will be adjusted every six months equalling to 150% of the central bank’s basic rate. The two-year bonds will have the coupon rate of 12.25% per annum for the first phase and the three-year bonds will have the coupon rate of 12.75% per annum for the first phase.

The interest of these bonds will be paid yearly on June 30 and December 31.

 

Category: Finance