PDR: Board approves the plan for the third bond issuance of 2019

On May 20, 2019, the Board of Directors of Phat Dat Real Estate Development Corp approved the plan for the third bond issuance of 2019 as follows:

-       Issuer: Phat Dat Real Estate Development Corp

-       Bond type: non-convertible, secured bond, without warrants

-       Par value: VND100,000,000/bond

-       Issue volume: 5,500 bonds

-       Total issue value: VND550 billion

-       Bond term: 05 years from the issue date

-       Interest rate:

• Estimated interest rate for the first year: 10.5%/year
• For the next years, the interest rate will be equal to the personal savings interest rate with a term of 24 months, term-end payment, of Military Commercial Joint Stock Bank (MB) plus at least 3.5%/year, adjusted according to interest term.

-       Selling price: 100% par value. 

-       Interest payment period: once every six months

-       Issue time: in Quarter II – III.2019.

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