KBC announces the payment of principle and interest of bonds in the first quarter of 2023

Kinh Bac City Development Holding Corporation would like to inform: the payment of principle and interest of bonds in the first quarter of 2023:

Pursuant to the current regulations on information disclosure on the securities market, KinhBac City Development Holding Corporation (KBC) would like to disclosure informationon the payment for entire principle and interest of the bonds in the first quarter of 2023 as below:

As at January 1, 2023, total outstanding balance of KBC’s bond was 3,900 billion VND. In which, 2,4000 billion VND was private placement bond and 1,500 billion VND was public offering bond. In the context of capital market facing many difficulties, especially bond market losing confidence in investors, the Board of Directors has implemented the strategy on prioritizing to use all financial resources to make payment on time and early redemption entire outstanding bonds to maintain confidence for investors, partners and customers.

Therefore, in the first quarter of 2023, KBC implemented the procedures on payment on time and early redemption for private placement bonds with the total amount of 2,400 billion VND.

ü  Payment on time for KBCH2123001 with the maturity date on February 22, 2023, with the amount of 400 billion VND

ü  Early redemption for KBCH2123002 with the maturity date on June 3, 2024, with the amount of 1,000 billion VND. The payment completion was on April 5, 2023

ü  Early redemption for KBCH2124003 with the maturity date on November 11, 2024, with the amount of 1, 000 billion. The payment completion was on March 31, 2023.

For public offering bond - KBC121020 with the maturity date on June 24, 2023, with the amount of 1,500 billion VND, KBC has been preparing ready-capital to make the payment on time or early redemption.

Thus, up to now, KBC has completely assured of its ability to pay debts, ensured the benefits for the Company’ s all investors, partners, and concentrated resources on investing in new and large industrial parks which has been approved for KBC and its subsidiaries. The Board of Directors would like to thank for the accompanying of investors and partners.

3. This information was published on the company's website on April 6, 2023 at the link http://www.kinhbaccity.vn.

We hereby certify that the information provided is true and correct and we bear the full responsibility to the law.

Attachments:

Full document of section 2

On behalf of KINH BAC CITY DEVELOPMENT HOLDING CORPORATION

Authorized person to disclose informaion

Chairman

(signed and stamped) 

Dang Thanh Tam

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