Bau Duc's company pays 200 billion VND of bond principal to BIDV

Hoang Anh Gia Lai said it has just collected 200 billion VND from HNG to pay part of the principal of the bond issued to BIDV .

Information has just been announced by Hoang Anh Gia Lai Joint Stock Company regarding the principal and interest payment situation for the bond lot with code HAGLBOND16.26.

This bond was issued to the Bank for Investment and Development of Vietnam (BIDV) at the end of 2016, with a term of 10 years, i.e. the maturity date is December 30, 2026, with an interest rate of 9.7% per year. At the time of issuance, the company raised nearly VND6,600 billion. To date, HAG has bought back a portion of the bonds ahead of schedule, with the remaining debt of more than VND4,600 billion to be paid in interest and principal in installments from now until 2026.

Before paying the VND200 billion debt it had just collected from the International Agriculture Company (HNG), Hoang Anh Gia Lai also paid the principal debt to BIDV of VND380 billion on September 29.

Speaking to VnExpress, Mr. Doan Nguyen Duc said the company is "very concerned" about debt repayment. Therefore, in December, the company will pay an additional 400 billion VND in principal for this bond lot.

Mr. Doan Nguyen Duc - Chairman of the Board of Directors of Hoang Anh Gia Lai. Photo: Duc Dong

Also in October, HAGL liquidated the Hoang Anh Gia Lai Hotel (Pleiku City, Gia Lai Province) and collected 180 billion VND. This amount is intended to be a priority to pay off a portion of the debt of the bonds issued in 2016 mentioned above.

In addition to the HAGLBOND16.26 bond lot, HAGL is also circulating another bond lot, HAG2012.300, worth 300 billion, issued in 2012 with a term of 11 years. On September 29, the Board of Directors of Hoang Anh Gia Lai approved the adjustment of the term of this 300 billion bond lot from 11 years to 13 years, which is due on September 30, 2025. The bondholder is Tay Nguyen Agricultural Services Joint Stock Company.

Recently, Hoang Anh Gia Lai announced that it has approved a plan to issue 130 million individual shares at VND10,000 per share. The company is expected to earn VND1,300 billion if the issuance is successful.

Of which, the company will use VND323 billion to pay the principal and interest of the above-mentioned HAG2012.300 bond lot; VND277 billion to restructure the debt of subsidiary Gia Cattle Lo Pang at TPBank; VND700 billion to restructure debt and add capital to Hung Thang Loi Gia Lai.

As of 10:00 a.m. on November 29, HAG stock price increased to VND11,050, up 3.3% compared to yesterday's session.

Thi Ha

Source link: https://vnexpress.net/cong-ty-bau-duc-tra-200-ty-dong-no-goc-trai-phieu-cho-bidv-4682594.html