Chairman Duc has a new creditor.

(Dan Tri Newspaper) - BIDV has transferred the 3,876 billion VND bond debt owed by Hoang Anh Gia Lai to the Vietnam Debt Trading Company Limited (DATC) Ho Chi Minh City branch.

According to an extraordinary announcement issued on December 30th, the Vietnam Investment and Development Bank ( BIDV ) officially transferred the entire debt to the Vietnam Debt Trading Company Limited (DATC) Ho Chi Minh City branch. The transaction was carried out through a transfer contract signed on December 29th.

The subject of the transfer transaction is the entire lot of HAGL bonds from 2016, classified as Group A, identified with bond code HAGLBOND16.26.

It is known that the HAGLBOND16.26 bond issue was launched on December 30, 2016, with a 10-year term. The planned maturity date is December 30, 2026. At the time of transfer, the outstanding volume was recorded as 3,876 bonds with a face value of VND 1 billion per bond, totaling VND 3,876 billion.

This bond is non-convertible, secured, and has a floating interest rate. Specifically, the issuance interest rate is recorded at 9.7% per annum, with interest payments made every three months.

Chairman Duc shared this at the shareholders' meeting (Photo: DT).

With this move, BIDV no longer holds this bond issue. Instead, DATC has inherited all legal rights and interests, and has become the sole bondholder for all outstanding Group A bonds of Hoang Anh Gia Lai .

Immediately after the transaction was completed, the debt trading company under the Ministry of Finance also sent a document requesting the enterprise to cooperate in updating information to implement matters related to the rights and obligations of bondholders in accordance with the law.

DATC is a special-category enterprise with 100% state capital, under the Ministry of Finance, specializing in receiving and processing non-performing loans and assets.

Source: https://dantri.com.vn/kinh-doanh/bau-duc-co-chu-no-moi-20251231080836642.htm