Dat Xanh Group to issue $300-mln international bonds

By Dat Nguyen June 16, 2021 | 09:24 pm PT

An artist's impression of a building complex developed by Dat Xanh Group in Ho Chi Minh City. Photo courtesy of Dat Xanh Group.

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.