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Phat Dat to issue VND225 billion worth of bonds
Phat Dat Real Estate Development Joint Stock Company plans to issue VND225 billion (US$9.65 million) of non-convertible, secured and non-warrant bonds.
The bonds will have one-year terms with an expected interest rate of 9.5 per cent annually. Interest will be post paid every three months.
Phat Dat expects to issue the bonds in the third quarter for less than 100 investors, excluding professional securities investors.
This is the company's sixth bond issuance so far this year, with the lowest interest rate in the issuance periods.
Earlier, it put about VND1.22 trillion worth of bonds up for sale with the lowest interest of 10.5 per cent a year and the highest of 14.45 per cent annually.
Currently, the firm is promoting projects outside HCM City such as Phat Dat Bau Ca (Quang Ngai Province), the subdivisions in Nhon Hoi ecological urban area (Binh Dinh Province).
This year, the company targets pre-tax profit VND1.1 trillion.
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