Phat Dat settles $22.5 million foreign loan 14:34 | 10/05/2021
Ho Chi Minh City-based developer Phat Dat has demonstrated its high commitment and strong financial stead with the prompt settlement of $22.5 million foreign loans.
The timely settlement of the loan reflects Phat Dat s prestige and commitment to domestic and foreign investors
The announcement on May 4Â by Phat Dat Real Estate Development Corporation (HSX: PDR) follows the companyâs impressive business results in the first quarter, especially the early redemption of all bonds issued in 2019.
Phat Dat took out a loan of $22.5 million in April 2019 from Samty Asia Investment Pte., Ltd., a subsidiary of Samty Corporation and a Japanese leading real estate enterprise via Vietnam New Urban Centre LP Fund. The capital was used to finance the companyâs projects, especially those in Ho Chi Minh City.