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.