Novaland asks for bondholders' opinions on restructuring 1,300 billion VND bond package

(NLDO)- Novaland asked for bondholders' opinions to amend and supplement some contents of bond documents and change the maturity date of the 1,300 billion VND bond package.

No Va Real Estate Investment Group Corporation ( Novaland ) has just announced a resolution of the Board of Directors approving the request for opinions from bondholders of bond package NVLB2123012 (stock code NVL122001) on issues related to amending and supplementing some contents of the bond documents and changing the maturity date of this bond package.

This is a bond package issued by Novaland, listed for the first time to the public in 2022 on the Hanoi Stock Exchange (HNX), with a par value of VND 100,000/bond, total value of VND 1,300 billion, the issuance consultant is Techcom Securities Joint Stock Company (TCBS).

Novaland apartment project

Regarding the first restructuring plan that was approved, in June 2023, bondholders of NVLB2123012 agreed to extend the maturity date of this bond lot from July 20, 2023 to July 20, 2025, equivalent to an additional 24 months. The bond interest rate from July 20, 2023 to July 20, 2025 is fixed at 11.5%/year.

Thus, with just over a month left until the maturity date of this bond package, Novaland plans to carry out a new restructuring, seek bondholders' opinions to amend and supplement some contents of the bond documents and change the maturity date of the bond package NVLB2123012.

Accordingly, the voting ratio is 1:1 (bondholders owning 1 bond receive 1 voting right), the time for collecting opinions is from June to July 2025, in the form of written or electronic voting.

During the trading session on June 9, while the market fell sharply by nearly 20 points, NVL shares increased by 100 VND, to 14,400 VND/share.

Source: https://nld.com.vn/novaland-xin-y-kien-trai-chu-tai-cau-truc-goi-trai-phieu-1300-ti-dong-19625060917412205.htm