PDR: BOD resolution on the plan for corporate bonds issuance The Board of Directors of Phat Dat Real Estate Development Corp (PDR) approved to plan the corporate bonds issuance with the following contents:
- Issuer: Phat Dat Real Estate Development Corp (PDR)
- Bond type: non-convertible, without warrants and secured bond
- Par value: VND100,000,000/bond
- Issuing volume: 1,500 bonds
- Total value (based on par value): VND150,000,000,000
- Issue form: private placement, book entry.
- Issue time: expected in December 2018
- Bond term: 01 year
- Issue price: 100% par value
- Interest rate: 14%/year
- Payment method:
+ Principle: the bond principle will be paid once on the maturity date.
+ Interest payment period: once every 03 months.
- Time of implementation: expected in Q2.2019 or Q3.2019.
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