The Board of Directors of Saigon Securities Incorporation approved the private placement of bonds of VND 300 Billion: The Bond type was non-convertible, unsecured bond and the term was 2 years. The interest rate for first 12 months will be decided by the BOD Chairman and maximum of 8.5% per year. The interest rate for the remaining period will be equal to the average rate of personal savings interest rates in VND, paid at maturity, 12-month term, by 4 banks: Vietcombank, Vietinbank, BIDV and Agribank; plus 2% per year.