SBT121002: Seeking bondholders' opinions and Bond Buyback before Maturity
Date update 15/05/2023 - 17:47:30
Vietnam Securities Depository (VSD) - Hochiminh branch would like to announce the record date as follows:
Issuser's name:
Thanh Thanh Cong - Bien Hoa Joint Stock Company
Securities name:
SBTB2124001 bond
Securities code:
SBT121002
ISIN:
VNSBT1210024
Par value:
100,000 VND
Trading Platform:
HNX
Securities type:
Corporate bonds
Record date:
22/05/2023
Reason:
Seeking bondholders' opinions and Bond redemption before Maturity
- Execution rate: 1 share - 1 voting right
- Execution time: May 2023 - June 2023 tentatively
- Execution place:
+ Postal ballot: Techcom Securities Company Limited - Bondholder Representative, Levels 27-28-29, C5 D’Capitale building, No. 119 Tran Duy Hung, Trung Hoa ward, Cau Giay District, Hanoi
+ E-voting: Bondholders access http://tcinvest.tcbs.com.vn/e-voting-list and log-in account for voting
Contents: approving a number of mechanisms related to the gurantee Assets of the SBTB2124001 Bond (stock code: SBT121002).
- Execution time: May 2023 - June 2023 tentatively
- Execution place:
+ Postal ballot: Techcom Securities Company Limited - Bondholder Representative, Levels 27-28-29, C5 D’Capitale building, No. 119 Tran Duy Hung, Trung Hoa ward, Cau Giay District, Hanoi
+ E-voting: Bondholders access http://tcinvest.tcbs.com.vn/e-voting-list and log-in account for voting
Contents: approving a number of mechanisms related to the gurantee Assets of the SBTB2124001 Bond (stock code: SBT121002).
Bond Redemption:
- The number of shares that the issuer plans to redeem: 4.500.000 bonds
- Execution rate: the number of redeemed bonds/bonds held by investors: 4,5/7 (each bondholder is entitled to sell 4.5 bonds for every 7 bonds they hold)
Redemption price for each bond SBT121002 = Par value + Interest calculated from 26th April 2023 to 28th June 2023 exclusive (63 interest days) = 100,000 + (100,000 * 11,650% * 63/365) = 102.010,822 VND/bond (rounded to 3 dp). The proceeds actually received by the bondholder shall be rounded to the whole unit (if the first decimal place is equal to or greater than 5, the number is rounded up; if the first decimal is less than 5 then the decimal part is discarded).
- Payment date: June 28, 2023
- All buyback bonds will be removed.
- Principle of rounding: For fractional bond (if any) when bondholders exercise their right to sell, to ensure the number of redeemed bonds not to exceed the maximum tender number, the number of bonds being sold will be rounded down to the whole unit
- The plan for handling in case at the end of the selling registration period, the bondholders only register to sell a part or do not register to sell, they can only sell the number of bonds that are registered for sale, the number of bonds that are not registered to sell will not not be redeem. The number of redeemed bonds is determined according to the actual number of bonds that bondholders register to sell
- All redeemed bonds will be canceled
Example: a shareholder who owns 20 bonds is entitled to sell 12,857 bonds (20*4,5/7= 12,857). According to the rounding principle, the owner of bond A is entitled to sell 12 bonds, but the holder of bond A only registers to sell 10 bonds, then:
· The Issuer will redeem 10 bonds, and at the same time, cancel 10 redeemed bonds.
· the amount paid by the Issuer to the holder of bond A is: 1,020,108 VND
- Time register to sell bonds to the Issuing Organization: from 8th June 2023 to 13th June 2023.
- Payment place:
+ The holders whose securities have been deposited will receive bond interest at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will receive bond interst at Vietnam Technological and Commercial Joint – Stock Bank. ID cards have to be presented.
Depository members (DMs) and direct account holders (DAHs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSD with the information managed by DMs and DAHs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of securities holders (For DMs and DAHs who have not completed the connection to VSD’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent tothongbaoxacnhan@vsd.vn). In case of rejection due to data errors, DMs and DAHs are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 24th May 2023
If DMs and DAHs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs and DAHs by VSD accurate and confirmed. In case of arising disputes and losses to securities holders, DMs and DAHs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above securities at DMs within 3 working days from the date on the notice.
- The number of shares that the issuer plans to redeem: 4.500.000 bonds
- Execution rate: the number of redeemed bonds/bonds held by investors: 4,5/7 (each bondholder is entitled to sell 4.5 bonds for every 7 bonds they hold)
Redemption price for each bond SBT121002 = Par value + Interest calculated from 26th April 2023 to 28th June 2023 exclusive (63 interest days) = 100,000 + (100,000 * 11,650% * 63/365) = 102.010,822 VND/bond (rounded to 3 dp). The proceeds actually received by the bondholder shall be rounded to the whole unit (if the first decimal place is equal to or greater than 5, the number is rounded up; if the first decimal is less than 5 then the decimal part is discarded).
- Payment date: June 28, 2023
- All buyback bonds will be removed.
- Principle of rounding: For fractional bond (if any) when bondholders exercise their right to sell, to ensure the number of redeemed bonds not to exceed the maximum tender number, the number of bonds being sold will be rounded down to the whole unit
- The plan for handling in case at the end of the selling registration period, the bondholders only register to sell a part or do not register to sell, they can only sell the number of bonds that are registered for sale, the number of bonds that are not registered to sell will not not be redeem. The number of redeemed bonds is determined according to the actual number of bonds that bondholders register to sell
- All redeemed bonds will be canceled
Example: a shareholder who owns 20 bonds is entitled to sell 12,857 bonds (20*4,5/7= 12,857). According to the rounding principle, the owner of bond A is entitled to sell 12 bonds, but the holder of bond A only registers to sell 10 bonds, then:
· The Issuer will redeem 10 bonds, and at the same time, cancel 10 redeemed bonds.
· the amount paid by the Issuer to the holder of bond A is: 1,020,108 VND
- Time register to sell bonds to the Issuing Organization: from 8th June 2023 to 13th June 2023.
- Payment place:
+ The holders whose securities have been deposited will receive bond interest at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will receive bond interst at Vietnam Technological and Commercial Joint – Stock Bank. ID cards have to be presented.
Depository members (DMs) and direct account holders (DAHs) are requested to compare the securities holders’ information in the List generated and sent in the form of Certificate of Authorization by VSD with the information managed by DMs and DAHs then send Confirmation (Form 03/THQ) in the form of Certificate of Authorization on the accuracy of the list of securities holders (For DMs and DAHs who have not completed the connection to VSD’s terminal-based gateway/ISO-based gateway or where the connection has been disrupted, the Confirmation with Certificate of Authorization shall be sent tothongbaoxacnhan@vsd.vn). In case of rejection due to data errors, DMs and DAHs are requested to send written notice on details of errors for necessary correction.
Deadline for sending confirmation: by 10.30 am, 24th May 2023
If DMs and DAHs do not send confirmation document by the above deadline, VSD will consider the list provided to DMs and DAHs by VSD accurate and confirmed. In case of arising disputes and losses to securities holders, DMs and DAHs will have to bear all the related responsibilities.
DMs are requested to fully inform this notice to each investor who has deposited the above securities at DMs within 3 working days from the date on the notice.
Issuer's news
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SBT121002: Cancellation of Bond Registration
Date update 29/02/2024 - 15:33:51 -
SBT121002: 12th Payment of Bond Interest (from 26/10/2023 inclusive to 26/01/2024 exclusive) and Principal
Date update 25/12/2023 - 14:54:31 -
SBT121002: 11st Payment of Bond Interest (from 26/07/2023 inclusive to 26/10/2023 exclusive)
Date update 02/10/2023 - 16:18:39 -
SBT121002: Issuance of the 1st Revised Securities Registration Certificate
Date update 05/07/2023 - 17:30:32 -
SBT121002: Tenth Payment of Bond Interest (from 26/04/2023 inclusive to 26/07/2023 exclusive)
Date update 03/07/2023 - 16:47:30 -
SBT121002: Ninth Payment of Bond Interest (from 26/01/2023 inclusive to 26/04/2023 exclusive)
Date update 24/03/2023 - 15:42:21 -
SBT121002: Eighth Payment of Bond Interest (from 26/10/2022 inclusive to 26/01/2023 exclusive)
Date update 26/12/2022 - 14:08:24 -
SBT121002: Seventh Payment of Bond Interest (from 26/07/2022 inclusive to 26/10/2022 exclusive)
Date update 05/10/2022 - 15:02:27 -
SBT121002: Sixth Payment of Bond Interest (from 26/04/2022 inclusive to 26/07/2022 exclusive)
Date update 01/07/2022 - 14:12:01 -
SBT121002: Fifth Payment of Bond Interest (from 26/01/2022 inclusive to 26/04/2022 exclusive)
Date update 24/03/2022 - 10:12:48
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