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.

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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.

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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.

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