The Board of Directors of the Transport and Industrial Development Investment Joint Stock Company (Tracodi - TCD) has just approved the policy of buying back 240,000 bonds out of a total of 500,000 outstanding bonds with the code TCDH2124002. The face value is 1 million VND/bond with the total expected amount of buying back before maturity being 240 billion VND from March 29.
Tracodi will buy back the bonds at par value plus the bond holding yield. Previously, the VND 500 billion bond lot with code TCDH2124002 was successfully issued by Tracodi on December 28, 2021 with a term of 3 years, maturing on December 28, 2024. The applicable interest rate is 11.5%/year, the bonds are non-convertible, and have collateral.
Many businesses continue to buy back bonds before maturity
Before Tracodi, the Board of Directors of the Construction Development Investment Corporation (DIC Corp - DIG) has just passed a resolution on the early repurchase of bonds worth 1,000 billion VND with the code DIGH2124001. The expected source of funds is from production and business activities and other sources of revenue. The bonds are repurchased through direct agreement with bondholders.
The bond lot successfully issued by DIG in November 2021 has a term of 3 years, maturing in November 2024. The collateral of the bond lots includes all assets, property rights and existing and future rights and interests arising from investment, development, exploitation and consumption of products at the Long Tan Tourism Urban Area project (Nhon Trach, Dong Nai"...
At the end of 2022, DIG also bought back VND 1,600 billion worth of bonds of two codes DIGH2124002 and DIGH2124003 before maturity, with maturity until November 2024.
Similarly, Kinh Bac Urban Development Corporation (KBC) will also buy back bonds with code KBCH2123002 on April 5, nearly two months earlier than planned. The source of money is taken from the cash flow of the corporation's production and business activities. This is a bond lot worth VND 1,000 billion, issued on June 3, 2021 and maturing on June 3, 2023. The interest rate is fixed at 10.5%/year and interest is paid every 6 months...
Source: https://thanhnien.vn/tracodi-dig-cong-bo-mua-lai-hang-ngan-ti-dong-trai-phieu-truoc-han-185230316123711659.htm
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