Phat Dat proceeds bond buyback 3 years prior to maturity

On 15th April 2021, Phat Dat Real Estate Development Corporation (Stock code: PDR) reported the bond buyback at VND 250 billion before maturity – a demonstration of PDR’s commitments to its investors and shareholders.

This is the final payment of the bond issuance on 3rd June 2019 with a 5-year term at a 10.5% interest rate to implement Zone 2 in Nhon Hoi Ecotourism City, Binh Dinh Province.

By paying VND 250 billion of bond principal 3 years prior to maturity, the Company completed all the committed payments of bonds issued in 2019 with a total value of VND 1,659 billion.

Nhon Hoi Ecotourism City (Quy Nhon City, Binh Dinh province) developed by Phat Dat

Closing the year 2020, Phat Dat marked such strong impressions when exceeding all business targets. Particularly, net revenue reached 3,911 billion (up 15% YoY), profit before tax and profit after tax reached 1,540 billion and 1,220 billion, up 39.3 % and 39.6% YoY, respectively.

In 2021, Phat Dat aims to continue its grow momentum, targeting at VND 4,700 billion in net revenue (up 20% YoY), VND 2,335 billion in profit before tax (up 52% YoY), and VND 1,868 billion in profit after tax (up 53%YoY).

Also, this year, the Company officially shapes itself into a conglomerate with various business lines. Accordingly, besides the key sector of residential real estate, Phat Dat utilizes its core competency of project development to expand into industrial real estate and renewable energy fields, abiding by the development direction of “Speed and Sustainability” in the New Era.

.