Additives and Petroleum Products JSC (HNX:APP) announced a private placement of 20,000 convertible corporate bonds at a price of VDN 500,000 for gross proceeds of VDN 10,000,000,000 on May 17, 2018. The bonds will mature 5 years from the share issue date. The bonds will bear interest rate of 10.5% per annum. The transaction was approved by the shareholders in its annual general meeting and subject to the approval of board of directors. The conversion price of bond is VDN 10,000 per share.