About 100 businesses are slow or have postponed bond payments.

ANTD.VN - Many large businesses continue to announce delays in bond payments or extensions of bond maturities due to difficulties in securing cash flow.

According to data from the Hanoi Stock Exchange (HNX), reporters have observed that a series of large real estate companies have been continuously announcing delays in payment or extensions of bond payment deadlines.

These include many notable names such as: Hung Thinh Group, Trung Nam Group, Dat Xanh Southern Vietnam, Novaland ...

For example, today, November 28th, Hung Thinh Land issued two extraordinary information disclosures regarding bondholder resolutions, adjusting the maturity dates for two bond codes. Specifically, the HTL-H2023-005 bond code was adjusted from a 3-year term to 51 months from the issuance date. The maturity date was therefore postponed from August 28, 2023 to November 28, 2024.

With bond code HTLAND.2020.TV01, the 43-month term, maturing on October 20, 2023, has also been adjusted to a term of 1,714 days, corresponding to a maturity date of November 28, 2024.

Nhiều doanh nghiệp phải lùi thời hạn thanh toán trái phiếu

Many businesses have had to postpone bond payments.

Recently, Hung Thinh Investment also announced information regarding the delayed payment of principal and interest on bond issue H39CH2123002, worth 800 billion VND. The company stated that it is planning to seek bondholders' opinions on extending the payment period for the principal and interest.

Dat Xanh Southern Vietnam also announced a delay in paying interest on 10 bond issues, due to the company's inability to arrange its cash flow.

Previously, Novaland, Trung Nam Group, and other businesses within the ecosystem also had to announce dozens of notices regarding delays in paying principal and interest on bonds since the beginning of the year.

According to a recent report by MB Securities (MBS), as of November 21st, approximately 100 businesses have announced delays or postponements in the payment of principal and interest on bonds.

Accordingly, the total value of corporate bonds with overdue payments is approximately VND 192,000 billion, accounting for nearly 19% of the total outstanding corporate bond debt in the market.

Of these, the real estate sector continues to account for the largest share - approximately 70% of the value of overdue payments.

Regarding the bond market, recently, Prime Minister Pham Minh Chinh signed Official Dispatch 1177/CD-TTg dated November 23, 2023 on continuing to resolutely implement solutions to increase access to credit capital, promote the development of the corporate bond market, and real estate effectively, safely, healthily and sustainably.

Accordingly, the Prime Minister requested the Ministry of Finance to take the lead and coordinate with relevant agencies to urgently review and thoroughly assess the payment capacity of corporate bond issuers, especially those bonds due for payment at the end of 2023 and in 2024.

Proactively develop scenarios, assess impacts and have specific and effective plans and measures to handle them within authority, contributing to ensuring safety and security of the financial and monetary markets; avoiding passivity, surprise and negativity to the rapid and sustainable development of the economy.

At the same time, closely monitor and accurately assess the ability and payment plan of the issuing enterprise, especially enterprises that are still facing difficulties and may have risks in their ability to repay debt.

Require businesses to prioritize resources to fully perform obligations according to regulations, ensuring the legitimate rights and interests of investors and related entities.

There are practical and effective solutions to consolidate, strengthen, and restore investor confidence, promoting the safe, transparent, healthy, and sustainable development of the corporate bond market…

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