A travel company in Hoa Binh has just had an additional 140 billion VND in its account from bond issuance

Lac Hong Tourism and Trading Joint Stock Company (Lac Hong Tourism) has just announced the results of a private bond offering to the Hanoi Stock Exchange (HNX).

According to the announcement, Lac Hong Tourism has just completed issuing bond batch LHTCB2427003, with a value of 140 billion VND, on April 19, 2024.

Specifically, bond batch LHTCB2427003 was issued by this tourism company in Hoa Binh in the domestic market, term of 36 months, volume of issuance of 1,400 bonds, par value of 100 million VND/bond, corresponding to the value of bonds. issued 140 billion VND.

Bond batch LHTCB2427003 was issued by Lac Hong Tourism and completed on April 19, 2024. Thus, the maturity date of this batch of bonds will be April 19, 2027.

This is a batch of non-convertible bonds, without warrants and with collateral. With the form of guarantee being “Payment guarantee of financial and credit institutions; Guaranteed by assets”.

Regarding interest rates, bond lot LHTCB2427003 has a combination of fixed and floating interest rates, expected as follows: For the first 04 Interest Calculation Periods: fixed interest rate equal to 9%/year. For the remaining Interest Periods: floating interest rate and equal to the sum of 4.3%/year plus Reference Interest Rate.

Previously, in February and March, Lac Hong Tourism completed issuing 2 bond lots LHTCB2427001 and bond lot LHTCB2427002, with a total value of 600 billion VND, with the same term, interest rate, and collateral. security like the bond lot LHTCB2427003 mentioned above.

Thus, since the beginning of the year until now, Lac Hong Tourism has collected 740 billion VND from bonds, nearly 1.6 times the company’s charter capital.

According to information, Lac Hong Tourism and Trading Joint Stock Company has its headquarters in Khai Doi hamlet, Sao Bay commune, Kim Boi district, Hoa Binh. The enterprise operates in the field of Commerce and services and currently has a charter capital of 465 billion VND. The legal representative of the enterprise is Director Nguyen Huu Tri Nghia.