A real estate company issued VND 770 billion bonds
thamnguyen99 20-07-2020, 23:07
A real estate company issued VND 770 billion bonds

Founded less than three years, Dien Phat Land has changed hands three times. At the end of June, this enterprise issued VND 770 billion bonds.

According to information from the Hanoi Stock Exchange (HNX), Dien Phat Land Co., Ltd has just announced the results of the first bond issuance.

Specifically, on June 29, Dien Phat Land issued VND 770 billion of individual bonds to domestic organizations. These bonds have a term of 5 years, fixed interest rate of 10% per annum in the first year.

In subsequent years, the interest rate is determined by the total of personal savings interest, interest payment at maturity, 13-month term announced by Vietnam Commercial Bank of Thuong Tin Commercial Joint Stock Bank (Vietbank) and the interest rate margin of 2.75% per annum or other interest rate range as agreed between Dien Phat Land and bondholders.

In order to issue the above bonds, Dien Phat Land used the following collaterals: 20.55 million shares of Ban Viet Commercial Joint Stock Bank (Viet Capital Bank, BVB Code) and land use right at parcel 16, 108 map sheets according to a 2006 document (Binh Tri Dong B, Binh Tan, Ho Chi Minh City).

This bond lot is arranged by Vietnam International Securities Joint Stock Company (VIS) and is managed by Vietbank Ho Chi Minh City branch managing collaterals.

Dien Phat Land was established in late November 2017 with a charter capital of VND 20 billion, operating in the field of real estate business. Enterprises are contributed by two individuals, including Mr. Nguyen Anh Tuan (90%) and Mr. Nguyen Dang Thanh, Chairman of the Board (10%).

In particular, Mr. Nguyen Dang Thanh has 20 years of experience in administration, administration in the fields of finance, banking, real estate, construction, etc.

From October 2016 to December 2017, he used to be the General Director of Vietbank. In the field of real estate, he used to hold the position of Chairman of TTC Land (Code: SCR) within 8 months, from the time of appointment on April 23, 2019.

By mid-September 2019, it can be said that Dien Phat Land had the first blood change when the position of the Chairman of the Board of Directors by Ms. Duong Bao Anh (born in 1989). Besides, Mr. Phan Viet Hung (born in 1981) is the Director cum legal representative.

Most recently in January 2020, the business owner was again transferred to Mr. Do Nhat Anh. Up to July of the same year, the company is headed by Ms. Dang Thanh Thuy, Director, General Director and legal representative.

Source: vietnambiz.vn