VNStockNews.com - VP Bank Securities Co, together with Song Da Financial Joint Stock Co (SDFC) announced to finish the bond issuance of 500 billion dong for Song Da Thang Long Joint Stock Co (coded STL).
The new bonds will have terms of three years, with fixed coupon rates for the first year. As for the two following years, the coupon rates will be calculated as floating rates of average post-paid interest rates of 12-month deposits in dong released by four largest banks in Vietnam plus margin rates of 4.5 percent per year.
After this bond issuance, STL planned to supplement capital for Usilk-City project.
