Loans for buying shares through IPO
(Updated at 10:8, 9/7/2010)
Agribank provides “loans for buying shares through IPO” to meet the needs of enterprises.
Type of borrower: IPO buyers
no more than 5 years (for foreign investors: not exceeding the time allowed residing
or the remaining time of business license)
company’s employees who are in the list for preference shares:
- Pledging such shares as
collateral for the loan: maximum loan amount equals 50% total value of
shares at bid price
- Pledging by other assets: loan
amount shall not exceeding 75% value of secrutiy assets.
security: secured by assets formed from loan capital or other assets as
directly into account of company
of principle and interest: single principle payment
Agribank uses automated system
(IPCAS) to track customer information, accounts, amounts of interest payment,
etc. with the highest security and accuracy.