Cii Borrowed 500 Billion Bonds Not Guaranteed, Over Half Used To Pay Debts

Ho Chi Minh City Technical Infrastructure Investment Joint Stock Company (CII Stock Code, HOSE) is planning to issue bonds without assets guaranteed. This public release has a total value A maximum of VND 500 billion. This is the type of corporate bonds that do not convert, do not include the right, not guaranteed by assets. The release purpose is to strengthen financial capacity for businesses, as well as to mobilize capital with the cost Reasonable. Ownership will use VND 265 billion mobilized from the issuance to structure the debts of the issuing organization, namely the original payment of Vietnam Commercial Joint Stock Commercial Bank

. In addition, the amount 235 Billion are planned to invest in the projects and projects of the Enterprise. In that, VND 100 billion invested in the construction project of Trung Luong - My Thuan highway project in phase 1 in the form of a contract Bot with Trung Luong Bot Joint Stock Company - My Thuan. The remaining amount of VND 135 billion is expected to be expanded by the project to invest in Hanoi Highway and Construction and Ha Noi Construction Joint Stock Company Cabinet has a period of 3 years, the original is paid once on the maturity date, interest is paid once on the end of the interest period
Payment obligations for bonds will have the least order equal to all unsecured debts of the issuing organization. According to the Financial report of the CII parent company in the first 6 months of 2021, the company At 12,894 billion dong, nearly 4.8 times higher than equity of VND 2,882 billion. At the time of the middle of 2021, the short-term financial lending loan and debt were VND 5,642 billion, borrowing and debt Long-term finance leasing is VND 6,879 billion ./. Chi Tin

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