Phat Dat Real Estate Development Corp announces the redemption of all bonds in the third issue of 2019 as follows:
− Issuer: Phat Dat Real Estate Development Corp
− Bond name: Bond of Phat Dat Real Estate Development Corp
− Bond type: non-convertible secured bond, no warrants
− Par value: VND100,000,000/bond
− Total issued value: VND550,000,000,000
− Outstanding value: VND500,000,000,000
− Bond term: 05 years from the issue date
− Interest rate:
- For the first four interest periods: 10.5%/year
- For subsequent interest periods: equal to the sum of (i) at least 3.5%/year, and (ii) the postpaid individual saving interest rate with a term of 24 months of Military Commercial Joint Stock Bank at 11:00 am on a determination date.
− Issue date: June 03, 2019
− Maturity date: June 03, 2024
− Purpose of bond redemption: to reduce/restructure liabilities
− Estimated repurchase volume: 2,500 bonds
− Total repurchase value at par value: VND250,000,000,000
− Trading date: July 10, 2020
− Payment date: July 10, 2020.