Vietnam Securities Depository and Clearing Corporation News

DRT12102: Bond redemption before maturity; Payment of Bond Interest from 29/02/2024 inclusive to 31/08/2024 exclusive

Date update 07/08/2024 - 15:56:27

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

Issuser's name:

Van Huong Investment and Tourist Joint Stock Company

Securities name:

Bonds of Van Huong Investment and Tourist Joint Stock Company (DRGCH2126002)

Securities code:

DRT12102

ISIN:

VN0DRT121028

Par value:

100,000,000 VND

Trading Platform:

Privately - Placed corporate bond

Securities type:

Corporate bonds

Record date:

16/08/2024

Reason:

Bond redemption before maturity; Payment of Bond Interest from 29/02/2024 inclusive to 31/08/2024 exclusive

1. Bond redemption before maturity
- Number of securities to be redeemed: 475 bonds

- Execution rate: 475/3,575
- Price of bond redemption: 100.000.000 VND/bond
- Payment date: 04/09/2024 (because 31/08/2024, 01/09/2024, 02/09/2024 and 03/09/2024 are not working days)
- Principle of rounding: for fractional bonds (if any) upon exercising the right to sell, to ensure that the number of redeemed bonds does not exceed the maximum number of bonds for offering, the number of bonds sold will be rounded down to the whole number.
For example: In case investor owned 1,000 bonds, he/she is entitled to resell 1,000 x 475/3,575 = 132.867 bonds. According to the rounding principle, bondholder is entitled to sell 132 bonds.
- There is not a deadline for registering to sell bonds back to the issuer as this is the case where the issuer finalizes the list of bondholders registered at VSDC, but investors do not sell bonds through VSDC. All redeemed bonds will be cancelled.
- Payment place:
+ The holders whose securities have been deposited will make bond redemption procedures at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will receive bond redemption amount via accounts registered with the issuer on 04/09/2024.
2. Payment of Bond Interest
- Payment rate: 4,161,425 VND/bond
+ Bond interest is calculated according to formula: 100,000,000 VND * (8.28% + 8.23%) * 92 days/365 days, rounded to the whole number
+ The total amount of bond interest will be rounded down to the whole number (if the first decimal place is equal to or greater than 5, the number is rounded up, if the first decimal place is less than 5, the fractional part is cancelled).
- Payment date: 04/09/2024 (because 31/08/2024, 01/09/2024, 02/09/2024 and 03/09/2024 are not working days)
- Payment place:
+ The holders whose securities have been deposited will make receive bond interest at the depository member where they opened depository account.
+ The holders whose securities have not been deposited will receive bond interest via accounts registered with the issuer on 04/09/2024.

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, 20/08/2024.
If DMs do not send confirmation document by the above deadline, VSDC will consider the list provided to DMs 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.

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