DIC to mobilise $87 million by issuing bonds

Thursday, May 20, 2021 17:17

DIC Corp's Chi Linh City project in Vung Tau City, Ba Ria-Vung Tau Province. — Photo dic.vn

DIC Corporation is expected to issue VND2 trillion (US$87 million) worth of bonds with a term of three to five years this year. The bond face value is VND1 billion per bond.

The move was approved at the annual general shareholder meeting of DIC Group this year.

DIC's policy of issuing bonds aims to meet the investment capital needs of key projects of enterprises this year and beyond.

Along with that, DIC also has a plan to issue nearly 59.6 million shares to pay dividends last year with the issuance rate of 17 per cent.

The expected implementation time is in the second quarter of this year. The plan to issue shares to increase the charter capital of DIC under the employee stock ownership plan (ESOP).

The corporation will issue a maximum of 15 million ESOP shares, the total value of issuance at par value is VND150 billion, issuing price is VND15,000 per share.

After the successful issuance of shares and bonds, charter capital of DIC Corporation will reach nearly VND4.1 trillion. — VNS

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