CII Stock Surges Nearly 70% Since Early August; 20 Million Convertible Bonds Sold Out: Excess of 743 Billion VND

CII successfully issued 20 million convertible bonds at 100,000 VND per bond, raising a total of 2 trillion VND. After expenses, the net amount received was 1,998.7 billion VND. However, the bank account for the frozen funds reported a balance of 2,743 billion VND, including 743 billion VND from investors who overpaid, as the subscription exceeded the amount issued. This surplus will be refunded to investors. The bonds have a 10-year maturity with a fixed interest rate of 10% for the first four years, convertible into common shares starting in 2027 at a rate of 1 bond for 8 shares, with a conversion price of 12,500 VND/share. CII plans to use the funds raised to restructure its debt, easing short-term repayment pressure. Amidst a 68% increase in CII’s stock price since early August, it is currently trading at 24,900 VND/share, attracting investor interest.