By the end of 2023, Phat Dat will no longer have any outstanding bond debt.

Accordingly, the total number of shares successfully issued is over 67 million shares, equivalent to 100% of the total number of shares offered in the private placement. All of these privately placed shares will be subject to a one-year transfer restriction from the date the offering ends.

With the funds raised, Phat Dat plans to pay off all principal and interest on bonds issued in 2021 and 2022. Accordingly, Phat Dat will completely eliminate its bond debt to zero by the end of 2023.

Within one month of receiving notification from the State Securities Commission that Phat Dat's application was complete and valid, professional securities investors in the private placement had completed paying the full amount.

You may also like

Financial centers provide a boost to the real estate market.A recent report from Knight Frank Vietnam suggests that the Vietnam International Finance Centre in Ho Chi Minh City (VIFC - HCMC), once operational, will support the next phase of growth for Vietnam's financial services industry and create new demand for office, retail, hotel, and residential space.

MTA Vietnam 2026 - aiming to increase the localization rate of Vietnamese goods.Vietnam needs to accelerate the development of its mechanical engineering industry to avoid falling behind in the context of robots, AI, and automation transforming global production.

Today's agricultural news (July 3): Pepper prices plummet.Today's agricultural news (July 3): Pepper prices in the domestic market fell sharply by 2,000 - 4,000 VND/kg; conversely, domestic coffee prices adjusted upwards by nearly 2,000 VND/kg.

Phat Dat is expected to be debt-free by the end of 2023.

According to a leader of Phat Dat, despite facing many market challenges, the company is still striving to repurchase bonds on time as committed to bondholders. From the beginning of 2023 to the present, Phat Dat has settled 5 bond tranches and repurchased them ahead of schedule with a total value of over 1,500 billion VND.

United States - Vietnam: Don't miss

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Phat Dat is also focusing on developing large-scale real estate projects. Recently, a series of Phat Dat's projects have received good news regarding legal matters, such as Astral City, Thuan An 1 & 2 high-rise mixed-use residential projects (Binh Duong province), and Bac Ha Thanh urban area project (Binh Dinh province)... which have been granted construction permits.

Source link: https://thanhnien.vn/cuoi-nam-2023-phat-dat-se-khong-con-no-trai-phieu-185231123122704999.htm