DIC No. 4 Joint Stock Company announced a private placement of 200,000 bonds of DIC No.4 Joint Stock Company at a price of VND 100,000 per bond for gross proceeds of VND 20,000,000,000 on January 1, 2017. The convertible bonds will be issued at par. The bonds carry fixed 10% interest rate and will mature after 36 months from the date of issuance. The bonds will mature on January 24, 2020. In case of overdue of interest payment, the company will pay fixed 150% of applied interest rate. The convertible notes are convertible into ten shares at fixed conversion price of VND 10,000 per share. The bonds will be converted within seven working days after the converting date in two stages. First stage of 50% bonds will be converted after 18 months after the completion of the transaction and in the second stage, the rest of the bonds will be converted.