FPT Securities successfully consulted and supported the issuance of 1,000 billion VND of bonds
A huge capital source was mobilized successfully by Nhon Trach Investment Joint Stock Company by issuing 1000 billion bonds. The mobilized money will be used to implement the Phu Thanh- Long Tan (East Sai Gon) resident project in Nhon Trach District, Dong Nai province, Vietnam.
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24/08/2009
This transaction was carried out successfully with the assistance of FPT Securities Joint Stock Company (FPTS for short), which is the consultant of Nhon Trach Company regarding this issuance.
East Saigon urban area on paper
Open-spaced walking lane and water surface solution
Nhon Trach Investment Company is a member of the Tin Nghia group (holder of over 50% of capital) operating in the fields of: investment and construction of houses, entertainment areas, residential infrastructure, and industrial zones; construction of civil buildings, industries, transportation and irrigation.
On 16th August 2009, the East Sai Gon urban area was ground-broken by Nhon Trach Company. The ceremony was held formally with the attendance of the press and local authorities, the Management Board of Nhon Trach Company and representatives of the consultant- FPT Sercurities JSC.
As planned, the total budget for the first phase is 1,000 billion Dong (equal to 56 millions USD) among six billion USD for the whole project.
The East Sai Gon project is a part of the Nhon Trach new urban zone whose area in phase I is 759 acres with the total area of flooring compensation being 568.3 acres.
It is known that when finished, East Sai Gon should be one of the largest centers of industry, commerce-services, tourism, education-training and science and technology of Dong Nai province and a key region in the South, being the crucial transportation node of the region and keeping an important role in the security and national defense of the key region of the South.
