Hang Xanh Motors Service Joint Stock Company announced that it will issue 1,800,000 bonds at a par value of VND 100,000 per bond for gross proceeds of VND 180,000,000,000 on December 28, 2021. The bond swill be convertible at a price of VND 12,000 at a conversion ratio of 12:100. The transaction will include participation from profession investor, Mirae Asset Finance Company (Viet Nam) Limited.

The bond term will be 18 months from the issue date. The transaction has been approved by the board of directors and is subject to approval from the State Securities Commission, expected in Quarter I of 2022.