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Based on Decision dated September 12, 2019, Phat Dat Real Estate Development Corp approved the following issues:
- The Board of Directors approved to plan the 8th private placement:
- Issuer: Phat Dat Real Estate Development Corp
- Bond type: non-convertible bond, without warrants
- Bond form: book entry
- Par value: 100,000 dongs/bond
- Currency issue: VND
- Issue volume: 1,750,000 bonds
- Total value: VND175 billion
- Issue price: 100% par value
- Issue method: private placement
- Bond term: 01 year
- Bond interest: expected about 9.5%/year
- Issue price: 100% par value
- Payment term: Once every three months
- Issue time: expected in September 2019 or October 2019
- Guarantee and payment agent: Orient Commercial Joint Stock Bank (OCB) – Ben Thanh Branch
- Collateral management agent: Orient Commercial Joint Stock Bank (OCB) – Ben Thanh Branch
- Registration, Depository and Management agent: Vietnam International Securities Joint Stock Company (Visecurities).
2. The Board of Directors approved the credit limit of VND830,027,000,000 at OCB – Ben Thanh Branch. Accordingly, Phat Dat Real Estate Development Corp agreed to use its assets that are accepted by OCB as the collateral for its credit obligation at OCB. |