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.