VIETNAM CHAMBER OF COMMERCE AND INDUSTRY
Liên Đoàn Thương Mại Và Công Nghiệp Việt Nam
Thu, Jun 17, 2021, 09:13:00
Real estate developer Dat Xanh Group (DXG) plans to issue $300 million worth of international bonds this year in Singapore.
Details of the issuance would be revealed later, the company said in a statement.
In March and April, the company issued VND370 billion ($16 million) worth of bonds to 12 investors, including a foreign organization, at a coupon rate of 12 percent and maturing in March 2023.
The company reported revenues of VND2.95 trillion in the first quarter of 2021, 4.9 times up year-on-year. Post-tax profits jumped by 7.6 times to VND712 billion.
The company targets revenues of VND9 trillion this year, triple last year’s figure.
A group of investment funds belonging to Dragon Capital last week sold over 15 million DXG shares for around VND358 billion.
