Bkav first issues subsidiary bonds, preparing for IPO

Mr. Nguyen Tu Quang said that, in the immediate future, bonds will only be issued to professional investors with a minimum investment of VND 500 million. Information about the issuance of subsidiary bonds has just been released by Mr. Nguyen Tu. Quang shared on his personal Facebook this morning (June 2). Accordingly, this CEO said, today Bkav Technology Group will officially announce the issuance of bonds to its subsidiary, Bkav Pro, worth 170 billion VND.

Mr. Nguyen Tu Quang said that, in the immediate future, bonds will only be issued to professional investors with a minimum investment of 500 million dong.

Bkav Pro Anti-Virus Software Joint Stock Company is a member company of Bkav Technology Group. Currently, this company is operating in the fields of antivirus software, Cybersecurity, Digital Transformation and Camera AI View. According to share, the annual profit margin of Bkav Pro Company is over 61%. This is considered a high profit compared to the market.

Mr. Nguyen Tu Quang said that Bkav Pro bonds were issued through VNDirect Securities Company with a term of 3 years. The coupon interest rate for the first year is fixed at 10.5%/year. In the following years, the floating interest rate is equal to the average interest rate for 12-month term on postpayment of 4 banks Vietcombank, Vietinbank, Agribank and BIDV plus 4.5%/year and not lower than 10.5%/year.

The money from the issuance of Bkav Pro bonds will be used to expand and develop the AI ​​view camera array, and invest in digital conversion products. A part of the capital is devoted to developing good-priced Bphone lines, with the goal of popularizing the market and reaching more customer segments.

A Bkav media representative confirmed to ICTnews about this company selling bonds.

Notably, in his share, CEO Nguyen Tu Quang also revealed that, after this period, Bkav will list on the stock exchange so that investors can participate.

Bkav’s IPO plan has been mentioned since 2018. At that time, Bkav sold internal shares of Bkav Pro. Buyers are senior leaders and above of the Group. With the issuance of 5% shares, Bkav Pro is valued at up to VND 1,500 billion and has prepared for the plan to go on the stock exchange in 2020, but has not been conducted as planned.