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PDR: Notice of bond repurchase prior to maturity On March 11, 2020, Phat Dat Real Estate Development Corp (PDR) announces the repurchase of bonds prior to maturity of the third bond issuance in 2019. Details are as follows:
- Issuer: Phat Dat Real Estate Development Corp
- Bond name: Phat Dat Real Estate Development Corp Bond
- Bond type: non-convertible bond, secured and without warrant
- Par value: VND 100,000,000/bond
- Total value of bonds issued: VND 550,000,000,000
- Total value of outstanding bonds: VND 530,000,000,000
- Bond term: 05 years
- Bond interest rate:
- For the first four interest periods: 10.5%/year
- For next interest periods: sum of 3.5%/year and the interest rates of personal savings with a term of 24 months in VND quoted by MBBank on the determination date.
- Issue date: June 03, 2019
- Maturity date: June 03, 2024
- Purpose of bond repurchase: to reduce the debt.
- Repurchase volume: 200 bonds
- Total value: VND 20,000,000,000
- Repurchase price: as agreement
- Time of implementation: April 03, 2020
- Payment date: April 03, 2020. HOSE
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