BaF Vietnam Agriculture JSC's BOND - BAF122029 - Pinetree Securities

BaF Vietnam Agriculture JSC’s BOND – BAF122029
Bond February 29, 2024

BaF Vietnam Agriculture JSC’s BOND – BAF122029

BaF Vietnam Agriculture JSC’s BOND – BAF122029

Company Information

BaF Vietnam Agriculture Joint Stock Company builds and increasingly perfects the closed Feed – Farm – Food model for comprehensive control from raw materials for animal feed, breeds, high-tech livestock farms, and products. meat production and processing to the distribution system to consumers

BaF owns the first factory in Vietnam to achieve both GLOBAL G.A.P CFM 3.0 & FSSC 22000 V5.1 certifications at the same time – the highest standards in the animal feed production management system recognized globally. BaF cooperates strategically with the world’s reputable breed supplier to select healthy, disease-free, fertile and specially adapted to the Vietnamese weather. BaF owns a system of production factories. closed meat, modern processing technology.

4.1

Company development strategy:

FEED

Exclusive vegetarian bran formula, developed by a team of talented experts

Ingredients meet international quality standards, 100% plant origin

Autonomous production capacity to serve the 3F ecosystem with a modern factory system

FARM

Good quality breeds

Smart, modern, self-operating farm

Closed barn model, ensuring biosecurity, maximum animal health protection

FOOD

Closed meat slaughter system

Vegetarian pork, fresh meat quality, ensuring food hygiene and safety

3F standard ecosystem with closed model, quality control of the value chain from input sources to finished products

3

Financial Situation

Subject
(Bil VND)
2020202120222023
Revenue12,84510,4347,0855,255
Profit4632228719
Asset5,2465,4574,7296,574
Equity5661,4551,7431,907

Bond information

Issuance Scale VND 300.000.000.000
(300 Bil VND)
Issue Date 23/08/2022
Maturity Date 23/08/2025
Term 3 years
Coupon payment term Every 6 months
Coupon10.5%/year
Put option Investors have the right to request the issuer to buy back up to 50% of the bonds held
on the 24th month (23/8/2024)
Call optionAt any time after 24 months, TCPH has the right to buy back 100% of the bond quantity

* Pinetree only offers liquidity support for the bonds distributed by Pinetree and bonds bought by investors from Pinetree.

** The liquidity support service offered by Pinetree will be at an appropriate call price under market conditions at times during the maturity of the Bonds.

Documentations

Bond Introduction

Financial statment 2021

Financial statment 2022

Financial statment 2023

Resolution of the Board of Directors

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