HCMC – Khang Dien House Trading and Investment JSC (KDH) has approved a resolution to issue a maximum of 20 million bonds at VND100,000 each to earn VND2 trillion.
The bonds will have a term of 36 months and a coupon of 9%-10%.
The bonds were expected to be issued next quarter.
Of the total revenue from the bond issue, VND1.6 trillion will be provided to Khang Phuc House Trading Investment Co., Ltd and VND400 billion to Thuy Sinh Real Estate JSC.
KDH had earlier passed a plan to raise the charter capital of Gia Phuoc Real Estate Investment and Trading Co., Ltd. Accordingly, KDH would contribute an additional VND350 billion to increase Gia Phuoc’s charter capital to over VND599 billion.
KDH closed at its reference price, at VND54,600 today, March 4.
Closing the session today, the VN-Index of the Hochiminh Stock Exchange edged up 0.33 points, or 0.02%, at 1.505,33 points with 256 winning stocks and 182 losing ones.
Nearly 929 million shares worth VND29.6 trillion were transacted on the southern bourse.
Meanwhile, the HNX-Index on the market bourse picked up 1.28 points, or 0.28%, to end at 450.59 points. The bourse saw over 137.48 million shares valued at nearly VND3.8 trillion changing hands.