Vietnam Securities Depository and Clearing Corporation News

HDB12225: Mandatory bond redemption before maturity at the request of bondholders

Date update 20/06/2024 - 15:06:12

Viet Nam Securities Depository and Clearing Corporation (VSDC) – Hochiminh Branch would like to announce the record date as follows:

Issuser's name:

Ho Chi Minh City Development Joint Stock Commercial Bank

Securities name:

HDBL2229006 Bond

Securities code:

HDB12225

ISIN:

VN0HDB122259

Par value:

1,000,000,000 VND

Trading Platform:

Privately - Placed corporate bond

Securities type:

Corporate bonds

Record date:

04/07/2024

Reason:

Mandatory bond redemption before maturity at the request of bondholders

- Expected number of securities to be redeemed: 100 bonds, equals to face value of 100,000,000,000 VND
- Execution rate: all bonds (100%)
- Interest rate: 8.1%/year
+ Redemption price of each bond: bond face value + interest from 14/07/2023 to 14/07/2024 exclusive = 1,000,000,000 VND + (1,000,000,000 VND x 8.1%/year x 366/365 days) = 1,081,221,917.8082 VND, rounded to 4 dp
- The actual total value of bonds redeemed of the bondholder will be rounded to the whole number (if the first dp is equal to or greater than 5, the number is rounded up; if the first dp is less than 5, the decimal part is removed).
- Payment time: 15/07/2024 (because principal/interest payment date is 14/07/2024, which is not working day, the Issuer will make payment on the next working day)
Ho Chi Minh City Development Joint Stock Commercial Bank will redeem all bonds before maturity at the request of issuer on 15/07/2024. Bondholders are obligated to resell all bonds held to the issuer and receive bond redemption amount. All redeemed bonds are removed.
- Payment place:
+ The holders whose securities have been deposited will make bond redemption procedure at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will receive bond redemption amount at Ho Chi Minh City Development Joint Stock Commercial Bank on 15/07/2024 via accounts registered.

Depository members (DMs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSDC with the information managed by DMs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of shareholders (For DMs who have not completed the connection to VSDC’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent to thongbaoxacnhan@vsd.vn). In case of rejection due to data errors, VSDC's members are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 08/07/2024.
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs and direct account holding members by VSDC accurate and confirmed. In case of arising disputes and losses to shareholders, DMs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above shares at DMs within 3 working days from the date on the notice.