No Va Real Estate Investment Group Corporation ( Novaland ) has just announced the Board of Directors' Resolution approving the plan to buy back bonds before maturity. Accordingly, the number of bonds expected to be bought back is worth 2,252 billion VND with the code NVLH2232001. The NVLH2232001 bond lot has an outstanding bond volume worth 5,543 billion VND.
In addition, Novaland will buy back VND94 billion of the VND231 billion of outstanding bonds with the code NVLH2232002. In total, Novaland will buy back bonds at par value of VND2,346 billion. The implementation date is from September 22.
Novaland will buy back more than 2,300 billion VND of bonds ahead of schedule
Both bonds were issued on May 19, 2022 with a term of 10 years. Of which, lot NVL2232001 is a convertible bond, lot NVL2232002 is a bond with warrants. The announced interest rate is 10%/year.
Recently, on September 20, Novaland also announced that it would use real estate to pay the principal and interest for two bond lots with a total issuance value of VND2,000 billion.
Previously, Novaland successfully extended the payment period for 2 bond lots with codes NVLB2123012 and NVLH2123010, with a total value of VND 2,300 billion.
Specifically, the NVLB2123012 bond lot with an issuance value of VND 1,300 billion has its maturity date extended by 2 years, from July 20, 2023 to July 20, 2025. The bond interest rate during the extension period is applied at a fixed rate of 11.5%/year (previously 9.5%/year for the first 4 interest calculation periods, then adjusted by the reference interest rate plus a margin of 3.28%/year).
The second bond lot with code NVLH2123010 with an issuance value of VND 1,000 billion has its payment period extended by 21 months, i.e. maturity date is March 17, 2025 and the bond interest rate during the extension period is applied at a fixed rate of 11.5%/year (previously 10.5%/year)...
Source: https://thanhnien.vn/novaland-se-mua-lai-hon-2300-ti-dong-trai-phieu-truoc-han-185230923093420227.htm
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