TVSI's specialized account at SCB frozen
Tan Viet Securities (TVSI) has just sent a notice to investors. Specifically, currently, TVSI's specialized account opened at Saigon Commercial Joint Stock Bank (SCB) is frozen, Investors depositing money into the account at SCB will not be accounted for in the securities account and will not be able to withdraw money.
Therefore, to make the Investor's securities trading activities at TVSI convenient and uninterrupted, TVSI recommends that investors do not deposit money into a specialized account at SCB, from now until further notice.
TVSI said that investors can still normally use the company's specialized account at other banks.
TVSI announces early buyback of bonds
Previously, Tan Viet Securities Company (TVSI) announced a plan to buy back bonds before maturity of 5 enterprises, with a total value of more than VND 2,000 billion.
The issuers through agents TVSI have announced plans to buy back bonds before maturity of many enterprises in the fourth quarter of 2022 and in 2023 with a total value of VND 2,140 billion.
Specifically as follows: Hung Thinh Land Joint Stock Company will buy back all 4 million bonds issued on December 28, 2021 (expired on December 28, 2023) in advance. The expected purchase period will start on November 24, 2022 and is expected to be completed within 30 days from the date of purchase. This bond lot is worth 400 billion VND.
The method of buying back directly from bondholders. The purchase price is equal to the total face value of the bonds, interest and all other arising but unpaid amounts on the bonds as of (but not including) the early buyback date.
Gotec Land Joint Stock Company committed to buy back all 6 million bonds issued on October 15, 2021 (expired on October 15, 2025) in advance, with an issuance value of VND 600 billion. The expected buyback date is no later than June 30, 2023.
Nam Land Company Limited plans to buy back all 4 million bonds issued on July 13, 2021 (dated on July 13, 2024) in advance, with a total issuance value of VND 900 billion. The expected buyback date is no later than June 30, 2023.
An Phat Technology Trading Joint Stock Company plans to buy back a batch of 2 million bonds issued on December 30, 2020 (expired on December 30, 2028) with an issuance value of VND 200 billion. The purpose of issuance is to restructure debts, including repurchase of issued bonds and repayment of credit loans.
In particular, the company plans to buy back at least 50% of the total issued bonds, equivalent to 1 million bonds, before maturity but no later than December 31, 2022. Then, buy back all remaining bonds as soon as possible but no later than March 31, 2023.
owned by the Ministry of Energy Joint Stock Company, which bought back a portion of the 2.5 million bonds issued in advance, matching a total face value of VND 250 billion. The total volume of bonds expected to be purchased before maturity is 40 billion VND.
The purchase price is equal to the total face value of the bond, interest and all other amounts arising but not yet paid on that bond as of (but not including) the early buyback date. The method of organizing the buyback is to buy back directly from bondholders in the form of buying back bonds before maturity as required by the issuing institution.
The buyback of bonds can be divided into many installments until the buyback of all the bonds expected to be purchased. The expected implementation time is in the fourth quarter of 2022 (from November 9 to November 18, 2022).
