KBC

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KINHBAC CITY DEVELOPMENT

HOLDING CORPORATION

KBC announces The early redemption of the total 1.000 billion VND of Bond KBCH2123002 with maturity date on June 03rd, 2023

Kinh Bac City Development Holding Corporation (HSX: KBC) would like to inform: The early redemption of the total 1.000 billion VND of Bond KBCH2123002 with maturity date on June 03rd, 2023:

Pursuant to the provisions of Circular No. 122/2020/TT-BTC dated December 31st, 2020 of the Ministry of Finance providing guidance on information disclosure and reporting in accordance with the provisions of Decree No. 153/2020/ND-CP dated December 3st1, 2020 of the Government and documents amending and supplementing regulations on private placement and trading of privately placed corporate bonds in the domestic market and the offering of corporate bonds to the international market, Kinh Bac City Development Holding Corporation would like to announce information about the early bond redemption as follows:    

1. Corporation information

-         Corporation’s name: Kinh Bac City Development Holding Corporation

-         Headquarter’s address: Lot B7, Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province.

-         Tel: (84-222) 3634 034 

-         Fax: (84-222) 3634 035

-         Business type: Joint Stock Company

-         Main business activities: real estate business, land use rights belonging to owners, users or renters.

2. Information on Bond repdemption

-         Bond code: KBCH2123002

-         Repurchase method: send redemption notice to Bondholders

+ Par value: 100,000 VND/Bond

+ Volume of issued & outstanding bonds: 10,000,000 bonds

+ Issuance value at par value: 1,000,000,000,000 VND (One trillion dong)

+ Current outstanding bond value at par value: 1,000,000,000,000 VND (One trillion dong)

+ Bond term: 24 months

+ Issuing date: June 03rd, 2021

+ Maturity date: June 03rd, 2023.

+ Expected date of redemption: April 05th, 2023

+ Actual number of days of interest calculation: From December 03rd, 2022 (December 03rd, 2022 inclusively) to April 05th, 2023 (April 05th, 2023 exclusively)

-         Volume of bonds to be redeemed at par value: 10,000,000 bonds (equivalent to par value: 1,000,000,000,000 VND (One trillion dong).

-         Terms and conditions of the Bonds to be redeemed before maturity:

+ The Issuer may exercise the right to redeem at any time after 12 months from the Issue Date in one or more installments, for part or all of the outstanding bonds.

+ In order to exercise the right of redemption, the Issuer must (through the Registered and Depository Agent) give written notice to the Bondholders and the Bondholder's Representative about the decision to redeem its Bonds (“Redemption Notice”) at least 30 (thirty) days prior to the proposed redemption date (“Redemption Option Date”). The Redemption Notice will contain information on the total number of Bonds to be redeemed and the Redemption Option Date (this date must be a Business Day). Upon receipt of a Redemption Notice, the Bondholder is obliged to resell his/her Bonds to the Issuer in accordance with such Redemption Notice.

+ The Issuer may withdraw the Redemption Notice after it is sent, but at least 10 (ten) days prior to the relevant Redemption Option Date.

+ The redemption price of each Bond will be equal to the total principal, interest and other amounts incurred but not yet paid on the Bonds, specifically as follows:

     Redemption price:

Redemption price

=

Total bond’ par value

+

Incurred Interest

     Incurred Interest:

Incurred Interest

=

 

Bond’s par value

x

10,5%

x

Actual number of days


 

365

The actual number of days in the above formula is calculated from the starting date (inclusively) to the last date (but exclusively) of that Interest Period (applied when calculating rounded interest) or That Period (applied to use when calculating interest for a non-circular period).

-         Source of redemption: Cash flow from production and business activities of the Corporation

(Bond KBCH2123002’s early redemption plan has already been approved by the competent authority according to the Resolution No. 0303/2023/KBC/NQ-HDQT of the Board of Directors dated 03/03/2023 attached to this notice)

3. Organizations participating in the Bond redemption

Representative of Bondholders, Depository Registration Agent, Collateral Management Agent:

PETROVIETNAM SECURITIES INCORPORATED (PSI)

Address: 2nd floor, Hanoi tourist building, No. 18 Ly Thuong Kiet, Phan Chu Trinh Ward, Hoan Kiem District, Hanoi.

Tel: (84) 24 3934 3888             Fax: (84) 24 3934 3999

Recipients:
- As above
-
Stored: Admin

KINH BAC CITY DEVELOPMENT HOLDING CORPORATION
Chairman of the BOD

(signed and stamped) 

DANG THANH TAM

 

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Head Office:

  • Vietnam: Lot B7, Que Vo Industrial Park, Phuong Lieu ward, Que Vo town, Bac Ninh province.

Representative Office:

  • Vietnam: No. 10 Hang Bot, Cat Linh ward, Dong Da district, Hanoi city.

Branch:

  • Vietnam: No. 20 Phung Khac Khoan, Da Kao ward, District 1, Ho Chi Minh city.