On March 2, Ea Sup 1 JSC announced the repurchase of all 2 remaining outstanding bond lots, equivalent to a value of nearly VND 2.2 billion, expected to be executed on March 28. The bonds have maturities of 6 and 10 years, with issuances of VND 140 billion and VND 180 billion, respectively.
It is known that on August 26, 2020, Ea Sup 1 JSC issued 11 bond lots with maturities ranging from 2 to 12 years, with a total value of VND 1,630 billion. The combined interest rate is 10.6% per year fixed for the first 15 months, and from the 16th month onwards, it will be equal to the reference interest rate plus a spread of 2.5%.
Ea Sup 1 JSC raised the aforementioned capital to invest in the Xuan Thien Ea Sup 1 solar power plant, with a designed capacity of 100MW, located in Ia Lop commune, Ea Sup district, Dak Lak province.
Ea Sup 1 power plant
|
In February, Ea Sup 5 JSC also announced the repurchase of over VND 1,836 billion worth of bonds before maturity for 9 outstanding bond lots, expected to be executed on March 15. The bonds have maturities ranging from 4 to 12 years, with a total face value issuance of VND 2,210 billion. The interest rate is 11.25% per year for the first 18 months, and thereafter floating at the reference interest rate plus a spread of 2.5%.
These 9 lots are part of the total 12 bond lots issued on June 25, 2020, with a total value of VND 2,440 billion, raised for the investment in the Xuan Thien Ea Sup 4 solar power plant, with a designed capacity of 150MW, located in Ia Lop commune, Ea Sup district, Dak Lak province.
Also in February, Ea Sup 3 JSC announced the repurchase of 9 outstanding bond lots, with a total value of over VND 1,283 billion, the latest by March 15. These bonds have maturities ranging from 4 to 12 years, with a total face value issuance of VND 1,430 billion.
Another member, Xuan Thien Dak Lak Co., Ltd., also announced the successful repurchase of nearly VND 1,413 billion out of a total of VND 1,880 billion worth of bonds issued. After the repurchase, the company has fully settled 5 bond lots, with only the 8-year bond lot still remaining outstanding with 4,410 pieces, or equivalent to VND 4.41 billion.
Xuan Thien Dak Lak spends over VND 1.4 trillion repurchasing bonds before maturity
Ea Sup 1, Ea Sup 3, Ea Sup 5, and Xuan Thien Dak Lak are all companies within the Xuan Thien Group’s ecosystem, managing projects under the Group; alongside other companies such as Ea Sup 2, Xuan Thien Ninh Thuan, Xuan Thien Thuan Bac, and Son La Energy.
In terms of business performance, companies within the Xuan Thien Group have shown a gloomy picture with simultaneous declines in recent years. Only Ea Sup 1 is still maintaining its profitability until mid-2023, while Ea Sup 3, Ea Sup 5, and Xuan Thien Dak Lak are all incurring losses.
|
Business results of certain companies within the Xuan Thien Group
Unit: billion VND
Source: VietstockFinance
|
