HFIC Fails to Sell CII Convertible Bond Subscription Rights

HFIC failed to sell its subscription rights to CII convertible bonds, equal to 27.4 million rights or 2.74 million bonds, between September 10 and October 6, 2026, as no investors registered to buy, so it keeps the full amount, equivalent to 4.08% of CII's charter capital. CII is offering nearly 67.2 million convertible bonds, code CII426001, to existing shareholders at a 10:1 ratio, priced at VND 100,000 per bond, with expected proceeds of about VND 6,720 billion. The 25-year bonds carry 0% interest for the first 12 interest periods and 14.5% per year afterward, and are expected to convert at 1:10 into shares priced at VND 10,000 each over 24 batches. Separately, CII revised the use of proceeds from bond CII425002 (ticker CII426028, VND 2,500 billion raised), cutting its planned capital contribution to Saigon - My Thuan Expressway BOT Co., Ltd. from VND 1,151 billion to VND 851 billion. The VND 300 billion shifted will repay principal on bond CIIB2426001 maturing October 14, 2026, which the company says will not affect project progress.

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Original headline: HFIC bán bất thành quyền mua trái phiếu chuyển đổi của CII

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