Sunshine Marina Nha Trang late in bond payment

Sunshine Marina Nha Trang announced information about late bond payment. Photo: Screenshot.

Sunshine Marina Nha Trang Joint Stock Company has sent a document to the Hanoi Stock Exchange and all bondholders disclosing information about the delay in paying principal and interest on bond code SMNCH2123001, with an issuance value of VND 750 billion.

This bond code was issued on October 25, 2021 and matures on October 25, 2025.

The reason for the late interest payment given by this business is "In the process of negotiating with investors to extend the remaining principal and the plan to extend the interest payment date".

Regarding this issue, the authorities have repeatedly emphasized that enterprises with outstanding bond debt are ultimately responsible for their bond debt obligations, proactively making information about the financial situation and debt repayment ability of the enterprise transparent through credit rating results and financial statement audits.

At the same time, fully disclose information on the payment of principal and interest on bonds, the use of capital from bond issuance, and be responsible for fully paying bond debt obligations according to the bond issuance plan that has been disclosed to investors to ensure reputation in the market.

Investors need to have full understanding of legal regulations, access full information about the issuing enterprise and the bond, carefully evaluate the financial situation of the issuing enterprise, clearly distinguish that corporate bond products are not bank deposits, assess the level of risk commensurate with the profit when investing in bonds, make their own decisions and take responsibility for their investment decisions.

Sunshine Marina Nha Trang Joint Stock Company has its head office in Phu Thuong Ward, Tay Ho District, Hanoi City. Its main business is building houses for living.

Source: https://laodong.vn/kinh-doanh/sunshine-marina-nha-trang-cham-thanh-toan-trai-phieu-1260676.ldo