On September 12, 2019, Phat Dat Real Estate Development Corp announces the plan for bond issuance - Issue No.7/2019 with the plan for the use capital as follows:
Phase
Date
Purpose
Amount
(VND)
Phase 1
By 09/30/2019
To finance Subdivision No. 9 Project
55,000,000,000
Phase 2
By 10/30/2019
25,000,000,000
Total
80,000,000,000
On September 27, 2019, bondholders made payment for the first phase of bond issuance - Issue No.7/2019 with an amount of VND55,000,000. Phat Dat Real Estate Development Corp used the proceeds to pay for land leasing and the land-use of the second phase of Subdivision No. 9 Project.
Therefore, Phat Dat Real Estate Development Corp announces the plan for bond issuance and the use of capital for the second phase of bond issuance - Issue No.7/2019:
- Estimated issue date: by October 30, 2019
- Issue value: VND25 billion
- Purpose: To finance Subdivision No. 9 Project.