BAF Vietnam Agriculture Joint Stock Company announced a private placement of 600 unsecured convertible bonds at an issue price of VND 1,000,000,000 per bond for gross proceeds of VND 600,000,000,000 on November 8, 2022. The transaction will include participation from returning investors, Hai Dang Tay Ninh Hi-tech Livestock Joint Stock Company for VND 280,000,000,000, Green Farm Investment Co., Ltd. 2 for VND 110,000,000,000, Bac An Khanh Production Trading Service Co., Ltd for VND 70,000,000,000, Dong An Khanh Production Trading Service Co., Ltd for VND 70,000,000,000, and Nam An Khanh Livestock Co., Ltd for VND 70,000,000,000. The bonds carry fixed 5.25% per year interest rate, would mature 7 years from the issue date and the additional interest on the bond's repayment.

The transaction is expected to close in fourth quarter of 2022 or first quarter of 2023. The transaction has been approved by the board of directors of the company.