Specifically, TDP plans to publicly offer 3.5 million bonds at a price of 100,000 VND per bond, with a 3-year term from the issuance date. These are non-convertible, unsecured bonds backed by collateral.
The interest rate for the first four interest periods is set at 10.5% per annum. Subsequently, the rate will be calculated as the average reference deposit rate from four banks—BIDV, Vietinbank, Vietcombank, and Agribank—plus a margin of 3.8% per annum, with a minimum rate of 10% per annum. Interest will be paid quarterly from the issuance date.
The collateral for this bond issuance includes over 21.2 million TDP shares held by 11 individuals, among them key leaders such as: Chairman Nguyễn Đức Cường (nearly 4 million shares), Board Member Nguyễn Kim Anh (990,295 shares), and Board Member cum Deputy General Director Ngô Kim Dung (over 5.4 million shares).
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Individuals using TDP shares as collateral for the 350 billion VND bond issuance
Source: TDP
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The company intends to allocate the entire 350 billion VND raised to pay for raw materials, accessories, and production supplies, specifically: payment for plastic raw materials and accessories for packaging and plastic pellets production (341 billion VND), payment for production supplies (6 billion VND), and payment for services (3 billion VND).
TDP is a plastic products manufacturer established in 2007, headquartered in Bằng Ngang Village, Lương Bằng Commune, Hưng Yên Province. The company’s current charter capital exceeds 882 billion VND.
During the shareholder consultation period, on August 12, TDP’s Board of Directors approved the cancellation of the transfer of capital contributions and loans for the packaging and supermarket bag export factory project to CTCP Thuận Đức Bỉm Sơn (a company in which TDP holds a 15% stake). According to the March 2025 resolution, the deal was valued at over 119 billion VND.
The cancellation of this transaction comes amid extended project timelines. Specifically, the completion of documentation and procedures has been postponed to December 2025, with construction and operation slated to begin in June 2027.
– 08:57 27/10/2025
