According to information from Vua Nem, by the end of November 11, this company has successfully settled the principal and interest of bond batch VNJCH2023 on time with a total issuance volume of 2123001 billion VND, maturity date of 70 November 20. With bond code VUNCH11 (total issuance volume is 2023 billion VND, interest rate 2224001%/year and interest payment once a month, term 150 months - due on May 12,5, 1), Vua Nem continued continue to actively buy back 24 billion bond principal before maturity (equivalent to 26% of the total issuance volume of this package).
Thus, from the outstanding bond debt of up to 180 billion VND in mid-2023, it has now decreased to only 59,7 billion VND, equivalent to a payment of more than 120 billion VND with payment from operating activities. business activity.
According to experts, the pressure to pay interest and mature bonds will continue to be a big burden for many businesses in 2024. To overcome this storm and fulfill debt payment obligations on time, businesses must not only have a strong financial foundation but also have a methodical strategy to adapt to adversity.
While many businesses are struggling under pressure to repay debt, the fact that Vua Nem can pay off the majority of outstanding bond debt is a good sign when the business not only proves its financial health but also builds Transparent and reputable image in the eyes of investors.
A representative of Vua Nem shared: “With Vua Nem, the interests of investors are always the top priority. Financial restructuring by paying outstanding bond debt before maturity has helped us reduce financial costs by approximately 1 billion VND/month. By the end of February 2, accumulated interest costs saved more than 2024 billion VND. We are continuing the process of restructuring the entire business to increase the company's health index and reduce financial pressure so that investors can feel secure when accompanying Vua Nem."
According to Vua Nem's business report, in the second half of 2023, Vua Nem's sales will grow by 20% compared to the first half of 2023, however, the total optimal operating costs of the company will be about 10%. In particular, management costs decreased by more than 20% compared to the first half of the year and decreased by about 30% compared to the same period in 2022 (mainly coming from optimizing personnel structure). Summarizing the business situation in the first 2 months of 2024, Vua Nem exceeded its profit target of 3.3 billion.
A representative of Vua Nem said that with promising business prospects, this company is optimistic about its ability to pay off the outstanding debt of VUNCH2224001 bond before the maturity date in May this year.
(Source: King Mattress)
