Tien Trung Investment Construction And Technology Joint Stock Company (HNX:TTZ) announced a private placement of 20 convertible bonds of par value of VND 200,000,000 per bond at an issue price of VND 1,000,000,000 per bond for gross proceeds of VND 20,000,000,000 and 1,500,000 common shares at a price of VND 10,000 per share for gross proceeds of VND 15,000,000,000 for aggregate gross proceeds of VND 35,000,000,000 on August 6, 2020. The bonds carry a coupon rate of 13% per annum and will mature in 2 years from the date of issue. The bonds are convertible into common shares at a conversion price of VND 10,000 per share. Each bond will be convertible into 20 shares. The bonds are redeemable at par value of VND 200,000,000 per bond. The common shares transaction will include participation from less than 100 investors. The transaction has been approved in the annual general meeting of shareholders of the company. The securities to be issued are subject to a hold period of 1 year. The convertible bonds transaction is expected to close in the 4th quarter of 2020 and the common shares transaction is expected to close in 2020.