The Hanoi Stock Exchange (HNX) has recently published an official announcement regarding the principal and interest payment status of bonds issued by Novaland Group (Novaland, Stock Code: NVL, listed on HoSE).
According to the schedule, on September 15, 2025, Novaland was expected to pay over VND 145.9 billion in principal and nearly VND 15 billion in interest for the bond series NVLH2224006. However, the company has only managed to pay approximately VND 15 billion in interest and more than VND 1.5 billion in principal, leaving nearly VND 144.4 billion in principal unpaid.
The bond series NVLH2224006, with a total issuance value of VND 1,500 billion, was issued from March 15, 2022, until its completion on June 13, 2022.
Source: HNX
Previously, on August 28, 2025, Novaland successfully paid VND 245 billion in principal and over VND 75.9 billion in interest for the bond series NVJCH2023003, fully settling this bond series.
This bond series, issued on August 28, 2020, had a total issuance value of VND 245 billion, a 36-month term, and was originally set to mature on August 28, 2023. In 2023, bondholders agreed to extend the maturity by 24 months, setting the new maturity date as August 28, 2025.
In other developments, Novaland recently announced a Board of Directors resolution approving the implementation of a debt-to-equity swap plan, previously endorsed by the General Meeting of Shareholders.
Specifically, the company plans to issue over 168 million private placement shares at VND 15,746.667 per share to swap for a total debt of nearly VND 2,645.7 billion owed to three creditors: NovaGroup (VND 2,527 billion), Diamond Properties (VND 111.7 billion), and Ms. Hoà ng Thu Châu (VND 6.676 billion).
The swap ratio is set at VND 15,746.667 per share, meaning each VND 15,746.667 of debt will be converted into one newly issued share. The expected allocation is 160.5 million shares for NovaGroup, 7.1 million shares for Diamond Properties, and 424,000 shares for Ms. Châu.
The issuance is planned for Q4/2025 – Q1/2026, with the exact timeline to be determined by the Board of Directors upon receiving approval from the State Securities Commission for the private placement registration file.
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