Thanh Cong garment and textile firm to issue 500b dong of convertible bonds

Saturday, April 26, 2008
Thanh Cong Garment and Textile Joint Stock Co (coded TMC) recently announced its plan to issue five million convertible bonds at the face value of 100,000 dong aiming to meet the demand of business activities development and scale up chartered capital over next years.
These bonds have yearly coupon rate of 12% and can be converted into shares for three-years. The detailed convertibility measure will be passed in the shareholders' meeting that will be held on April 26 under the consultancy of Au Lac Securities Joint Stock Co.