KBC announces the Announcement No. 1904-1/2023/KBC-TB on The record date to exercise the right to early redeem Bond KBC121020
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Kinh Bac City Development Holding Corporation (HSX: KBC) would like to inform:
(Promulgated with the Regulation on the exercise of rights for securities owners)
Form 07/THQ
KINH BAC CITY DEVELOPMENT HOLDING CORPORATION | SOCIALIST REPUBLIC OF VIETNAM Independence – Freedom - Happiness |
No: 1904-1/2023/KBC-TB About: Exercising the right to redeem bonds before maturity | Bac Ninh, April 19th, 2023 |
ANNOUNCEMENT
(About the record date to exercise the right to redeem bonds before maturity
of bond code KBC121020)
To: Vietnam Securities Depository;
Hanoi Stock Exchange.
Issuer name: Kinh Bac City Development Holding Corporation
Trading name: Kinh Bac City Development Holding Corporation
Head office: Lot B7 Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province, Vietnam
Tel: 84222 634034 Fax: 84222 634 035
We would like to notify Vietnam Securities Depository (VSD) ofthe record date to finalize the list of holders for the following securities:
Securities name: Bond of Kinh Bac City Development Holding Corporation
Securities code: KBC121020
Securities type: Corporate Bond
Trading par value: 100,000 VND (In words: One hundred thousand VND)
Trading exchange: HNX
The record date: 04/5/2023
1. Reason and purpose
- Early bond redemption
2.Contents
Early redemption of corporate bond
- Volume of bonds to be redeemed by the issuer: 7,500,000 bonds (In words: Seven million five hundred thousand bonds), equivalent to par value: 750,000,000,000,000 VND (In words: Seven hundred and fifty thousand billion VND).
- Redemption interest rate: 10.8%/year
- Redemption rate: 50% (2:1), (A bondholder of 02 bonds is entitled to resell 01 bond)
- Redemption price for each bond KBC121020 = Par value + Interest earned from 24/12/2022 inclusively to 24/05/2023 exclusively (151 days of interest calculation) = 100,000 + (100,000*10 .8%*151/365) = 104,467.95 VND.
- The redemption price for each bond KBC121020 shall be rounded to one unit (if the first decimal is equal to or greater than 5, the number is rounded up, if the first decimal is less than 5, the decimal is removed).
- The rounded redemption price for each bond is: 104,468 VND.
- Payment date: 24/5/2023
- Handling in case at the end of the sale registration period, the bondholders only partially register or do not register to sell, they can only sell the exact number of bonds registered for sale, the number of bonds not registered for sale will lose the right to sell in this acquisition. The number of redeemable bonds is determined according to the actual number of bonds that bondholders have actually registered to sell.
- All redeemed bonds shall be blocked and removed.
- For example: Bondholder A has 20 KBC121020 bonds, so he has the right to sell 50%* 20 = 10 KBC121020 bonds, but the bondholder only registers to sell 7 bonds, then:
- KBC will buy back 7 bonds, at the same time, block and remove 7 purchased bonds.
- The redemption amount paid to bondholder A is: 7 x 104,468 VND = 731,276 VND.
- Time to register to sell bonds to the issuer: From May 11/5/2023 to 15/5/2023.
- Implementation Location:
- For depository securities: Bondholders carry out procedures to sell bonds at depository members where depository accounts are opened.
- For undeposited securities: Bondholders carry out procedures to sell bonds at An Binh Securities Joint Stock Company, Address: 16th Floor, Geleximco Building, 36 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Hanoi City from 11/5/2023 to 15/5/2023 and present:
- For individual holders: Present ID and Certificate of Bond Ownership (original)
- For organizational holders: Present the introduction letter, legal documents, valid power of attorney, ID of the referrer; Certificate of bond ownership (original).
VSD is requested to prepare and send to our Company the list of securities holders at the above-mentioned record date to the following address:
- Address to receive List (hard copy): Lot B7 Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province, Vietnam
- Email address to receive data files:quynhttp@gmail.com
We commit that the information about the owners in the list will be used for the right purposes and comply with the regulations of VSD. Our company will be fully responsible before the law if there is a violation.
Recipients: - As above; - Stock Exchanged; - Stored | LEGEL REPRESENTATIVE (signed and stamped) Dang Thanh Tam |
Kinh Bac City Development Holding Corporation would like to inform: the payment of principle and interest of bonds in the first quarter of 2023:
Pursuant to the current regulations on information disclosure on the securities market, KinhBac City Development Holding Corporation (KBC) would like to disclosure informationon the payment for entire principle and interest of the bonds in the first quarter of 2023 as below:
As at January 1, 2023, total outstanding balance of KBC’s bond was 3,900 billion VND. In which, 2,4000 billion VND was private placement bond and 1,500 billion VND was public offering bond. In the context of capital market facing many difficulties, especially bond market losing confidence in investors, the Board of Directors has implemented the strategy on prioritizing to use all financial resources to make payment on time and early redemption entire outstanding bonds to maintain confidence for investors, partners and customers.
Therefore, in the first quarter of 2023, KBC implemented the procedures on payment on time and early redemption for private placement bonds with the total amount of 2,400 billion VND.
ü Payment on time for KBCH2123001 with the maturity date on February 22, 2023, with the amount of 400 billion VND
ü Early redemption for KBCH2123002 with the maturity date on June 3, 2024, with the amount of 1,000 billion VND. The payment completion was on April 5, 2023
ü Early redemption for KBCH2124003 with the maturity date on November 11, 2024, with the amount of 1, 000 billion. The payment completion was on March 31, 2023.
For public offering bond - KBC121020 with the maturity date on June 24, 2023, with the amount of 1,500 billion VND, KBC has been preparing ready-capital to make the payment on time or early redemption.
Thus, up to now, KBC has completely assured of its ability to pay debts, ensured the benefits for the Company’ s all investors, partners, and concentrated resources on investing in new and large industrial parks which has been approved for KBC and its subsidiaries. The Board of Directors would like to thank for the accompanying of investors and partners.
3. This information was published on the company's website on April 6, 2023 at the link http://www.kinhbaccity.vn.
We hereby certify that the information provided is true and correct and we bear the full responsibility to the law.
Attachments: Full document of section 2 | On behalf of KINH BAC CITY DEVELOPMENT HOLDING CORPORATION Authorized person to disclose informaion Chairman (signed and stamped) Dang Thanh Tam |
KBC announces Kinh Bac – Da Nang Investment One Member Company Limited is no longer KBC's subsidiary from March 29th, 2023
DownloadKinh Bac City Development Holding Corportation would like to inform: Kinh Bac – Da Nang Investment One Member Company Limited is no longer KBC's subsidiary under the Resolution No. 2903.2/2023/KBC/ND-HDQT (about: approval of tranferring entire contributed capital of KBC in Kinh Bac – Da Nang Investment One Member Company Limited):
KBC announces about the early redemption of total 1,000-billion-VND Bond KBCH2124003 whose maturity date is 11/11/2024.
DownloadKinh Bac City Development Holding Corporation (HSX: KBC) would like to inform: The early redemption of total 1,000-billion-VND Bond KBCH2124003 whose maturity date is 11/11/2024:
Pursuant to the provisions of Circular No. 122/2020/TT-BTC dated 31/12/2020 of the Ministry of Finance providing guidance on information disclosure and reporting in accordance with the provisions of Decree No. 153/2020/ND-CP dated 31/12/2020 of the Government and documents amending and supplementing regulations on private placement of corporate bonds in the domestic market and the offering of corporate bonds to the international market, Kinh Bac City Development Holding Corporation would like to disclose information about the early bond redemption as follows:
1. Company information
- Name of organization: Kinh Bac City Development Holding Corporation
- Head office’s address: Lot B7, Que Vo Industrial Park, Phuong Lieu Commune, Que Vo District, Bac Ninh Province
- Tel: (84-222) 363 4035
- Fax: (84-222) 363 4034
- Company type: Joint Stock Company
- Main business activities: Trading in real estate, land use rights belonging to owners, users or renters.
2. Information of the redemption
- Bond code: KBCH2124003
- Redemption method: send redemption notice to Bondholders
+ Par value: 100,000 VND/Bond
+ Issuance value at par value: 1,000,000,000,000 VND (One thousand billion dong)
+ Current outstanding bond value at par value: 1,000,000,000,000 VND (One thousand billion dong)
+ Bond term: 36 months
+ Issuing date: 11/11/2021
+ Maturity date: 11/11/2024
+ Redemption date: 31/03/2023
+ Redemption payment date: 31/03/2023
+ Redemption interest: 11.4%/year (According to the Notice of Interest of Bond KBCH2124003 for the 3rd interest calculation period of the Payment Agent)
+ Actual number of days of interest calculation: From 11/11/2022 inclusively to 31/03/2023 exclusively.
- Volume of bonds to be redeemed at par value: 10,000,000 bonds (equivalent to par value: 1,000,000,000,000 VND (One thousand billion dong)).
- Terms and conditions of early redeemed bond shall be amended to replace according to The resolution of Bondholders dated 29/03/2023.
After 01 (one) year from the Issue Date, the Issuer may redeem a part or all of the Bonds of the issue before the maturity date on the Early Redemption Dates at the Request of the Issuer and by any other means. any method in accordance with applicable law and the provisions of these Bond Terms and Conditions. To clarify, the Issuer is not obligated to pay an early redemption fee for the early redemption of bonds at the request of the Issuer.
- Redemption Price:
Redemption Price | = | Total face value of Redeemed Bonds | + | Earned Interest |
“Earned Interest” includes: interest accrued since and including the latest Interest Payment Date plus (+) unpaid interest and penalties of the previous periods (if any) up to but excluding the date of redemption (“Early Redemption Date as Suggested by the Issuer”).
- In order to exercise the right of redemption under these Conditions, the Issuer must (through the Registration and Depository Agent) give written notice to all Bondholders and the Bondholders' Representative about their decision to redeem the Bonds (“Redemption Notice”) at least 2 (two) business days prior to the Early Redemption Date as suggested by the Issuer. The Redemption Notice will contain information on the total number of Bonds to be redeemed, the value of the Early-redeemed Bonds, the Early Redemption Price and the Early Redemption Date (which must be a Business Day). Upon receipt of the Redemption Notice, the Bondholders are obliged to resell the amount of the Bonds to the Issuer in accordance with such Redemption Notice. For the purposes of this provision, the Record Date for closing the list of Bondholders shall be the Business Day immediately preceding the Early Redemption Date at the request of the Issuer.
- The redemption price will be paid by the Issuer (through the Payment Agent) directly to the accounts of the Bondholders.
- Source for redemption: From production and business activities and equity.
(The plan for early redemption of bond KBCH2124003 mentioned above has been approved by the competent authority under the Resolution No. 2903.1/2023/KBC/NQ-HDQT of the BOD dated 29/3/2023 attached to this Announcement)
3. Organizations participating in the redemption
Representative of Bondholders and Depository Registration Agent
AN BINH SECURITIES JOINT STOCK COMPANY (“ABS”)
- Address: Floor 16, Geleximco Building, No. 36 Hoang Cau Street, O Cho Dua Ward, Dong Da District, Ha Noi City
- Tel: 024 35624626
Collateral Management Agent Đại Lý Quản Lý Tài Sản Bảo Đảm
VIETNAM INTERNATIONAL COMMERCIAL JOINT STOCK BANK (“VIB”)
- Address: 1st floor (ground floor) and 2nd floor, Sailing Tower, no. 111A Pasteur, Ben Nghe Ward, District 1, Ho Chi Minh City.
- Tel: (+844) 6 276 0068 Fax: (+844) 62762482
Payment Agent
VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE – QUE VO INDUSTRIAL PARK BRANCH (“VIETINBANK - QUE VO”)
- Address: Lot E1, Que Vo Industrial Park, phuong Van Duong, Bac Ninh City, Bac Ninh Province
- Tel: 0222 3634891 Fax: 0222 3634890
By this Official Announcement, we (through the Bondholder Representative) notify the redemption to all Bondholders. The Bondholders are deemed to have received the Notices set forth in Article 13 of the Bond Terms and Conditions. In which, the following form is considered as the Bond Owner has received information: “Notice of Redemption” of bonds before maturity and other relevant documents are published at the website of the Issuer, Bondholder Representative or the website of the Stock Exchanges at the time the information is posted on the website.
Recipients: | ON BEHALF OF KINH BAC CITY DEVELOPMENT HOLDING CORPORATION (signed and stamped) Dang Thanh Tam |
