Damsan Yarntex Joint Stock Company (HOSE:ADS) announced a private placement of 200,000 non-convertible secured bonds at par value of VND 1,000,000 per bond with 100,000 warrants for gross proceeds of up to VND 200,000,000,000 on March 25, 2017. The bonds will be issued at par and will have a term of three to five years. The interest on bonds will be authorized by the board of directors and will be paid every three months from the issue date. The warrants will be exercisable into a maximum of 10,000,000 freely-transferable common shares at a price not lower than VND 20,000 per share. The warrants will be subject to a restriction for one year from the date of bond issuance. Saigon Securities Incorporation – Ha Noi Branch served as the consulting firm for the bonds transaction. The transaction has been approved at the annual general meeting 2017. The bonds transaction is expected to close in quarter four of 2017 or quarter one of 2018.