VNStockNews.com - HCM City Infrastructure Investment Joint Stock Co (HOSE-listed CII)'s director board has just agreed to sell another $15 million of convertible bonds to Goldman Sachs and plans to organise an extraordinary shareholders' meeting.
Accordingly, CII will issue $15 million of convertible bonds at the same conditions with the earlier bond issuance for this foreign partner.
Previously, CII issued $25 million of convertible bonds priced at par (US$500,000 per bond) for Goldman Sachs Investment Partners to support CII's projects. The five year term bonds will have the coupon rate of 4 percent per annum and the conversion price of 43,500 dong per share.
Additionally, CII's general director was authorised to decide the time to close the list of shareholders for organising extraordinary shareholders' meeting to pass the plan of issuing convertible bonds for Goldman Sachs and another plan to advance 10 percent dividend in cash for the first phase 2010.
