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VINACONEX INVESTMENT AND TOURISM DEV JSC

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Vinaconex Investment and Tourism Development Joint-stock Company announced that it expects to receive VND 300 billion in funding

03/19/2019 EST

Vinaconex Investment and Tourism Development Joint-stock Company (HNX:VCR) announced a private placement of maximum of 3,000,000 convertible bonds at a price of VND 100,000 for gross proceeds of maximum VND 300,000,000,000 on March 19, 2019. The term of the bond is 24 months and is issued at par. The transaction will include participation from under 100 investors. The bond will bear an interest rate of 11% for the first year and for the second year adjust according the interest rate of savings of customers as individuals with the 12 month term of Vietnam Bank for Agriculture and Rural Development on the first working days after 12 months from the issuance date + 4%/ year, but not lower than 11%/ year. The bonds will be convertible into common stock of the company at a price of VND 10,000 per share. The transaction has been approved by board of directors of the company and is subject to approval of the State Securities Commission of Vietnam.


ę S&P Capital IQ 2019
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Managers and Directors
Huy Van Le Chief Executive Officer
Mau Van Duong Chairman
Chinh Vuong Head-Administration & Organization Department
Chinh Khac Mai Director
Thanh Ngoc Dao Director