Novaland will exchange over 2.3 trillion VND worth of bonds ahead of schedule.

Novaland Investment Group Joint Stock Company ( Novaland ) has just announced a Board of Directors resolution approving a plan to repurchase bonds ahead of schedule. Accordingly, the planned repurchase of bonds is valued at VND 2,252 billion, with code NVLH2232001. The NVLH2232001 bond issue has an outstanding value of VND 5,543 billion.

In addition, Novaland will repurchase 94 billion VND of the 231 billion VND of outstanding bonds under code NVLH2232002 ahead of schedule. In total, Novaland will repurchase 2,346 billion VND of bonds at face value ahead of schedule. The repurchase will take place starting September 22nd.

Novaland will repurchase over 2.3 trillion VND worth of bonds ahead of schedule.

Both bond tranches were issued on May 19, 2022, with a 10-year term. Tranche NVL2232001 is a convertible bond, while tranche NVL2232002 is a warrant bond. The stated interest rate is 10% per annum.

Recently, on September 20th, Novaland also announced that it would use real estate to pay the principal and interest on two tranches of bonds with a total issuance value of 2,000 billion VND.

Previously, Novaland successfully extended the payment deadline for two bond issues with codes NVLB2123012 and NVLH2123010, totaling VND 2,300 billion.

Specifically, the NVLB2123012 bond issue, valued at VND 1,300 billion, has had its maturity date extended by two years, from July 20, 2023 to July 20, 2025. During the extension period, the bond interest rate will be fixed at 11.5% per annum (previously 9.5% per annum for the first four interest periods, then adjusted to the reference interest rate plus a margin of 3.28% per annum).

The second bond issue, coded NVLH2123010, with an issuance value of VND 1,000 billion, has had its payment period extended by 21 months, meaning it will mature on March 17, 2025, and the bond interest rate during the extension period will be fixed at 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