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PDR: Board approves the plan for the third bond issuance of 2019
HOSE - 5/22/2019 11:25:00 AM
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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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