Minh Phu Seafood Corporation to issue bonds worth VND 500 billion
(vasep.com.vn) Minh Phu Seafood Corporation (MPC) recently announced their plans to issue corporate bonds. Accordingly, it is expected that in September, 500 unmortgaged and non-convertible bonds at par value of VND 1 billion/bond will be issued and offered to less than 100 investors in a private placement.
These are 3-year bonds, with 6-month interest at 9.65% per annum for the first year; after which, the interest rate is average interest rate of personal savings in 12 months plus the margin of 2.65% per annum.