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.

Notable new regulations regarding corporate bond offerings.Bonds must clearly state the purpose of issuance and the management and use of the bond capital. Transparency of information and accountability of the organizations and individuals involved will also be enhanced.

Real estate in 2026: The era of speculation and short-term trading is over.According to experts, the real estate market in 2026 will undergo many changes, with buyers gravitating towards safe properties rather than those experiencing rapid price increases as in the past.

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

Strengthening the friendship between Vietnam and the United States.On July 3rd, as part of the Pacific Partnership - Friends of the Pacific 2026 program, the U.S. Army Pacific delegation, led by Lieutenant General Joel Vowell, Deputy Commander of the U.S. Army Pacific, paid a courtesy visit to the Quang Tri Provincial Military Command.

The U.S. Army Pacific delegation visits the Quang Tri Provincial Military Command.2026 marks the first time the Pacific Partnership-Friends of the Pacific program will be jointly organized in Quang Tri, creating a large-scale cooperation framework with 25 activities.

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.

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