Novaland Defers Nearly VND 95 Billion in Bond Principal Repayments

The Hanoi Stock Exchange (HNX) has recently published an official announcement regarding the principal and interest payment status of bonds issued by Nova Group Investment Corporation (Novaland, Stock Code: NVL, HoSE). According to the report, on October 20, 2025, Novaland was scheduled to repay approximately VND 95.6 billion in principal for the bond series NVLH2123003. However, the company has only managed to settle slightly over VND 1 billion, leaving nearly VND 94.6 billion outstanding due to insufficient funds.

Novaland has stated that negotiations with investors are ongoing to address the remaining debt of this bond series. The NVLH2123003 bond series, with a total issuance value of VND 220 billion, was originally issued on April 20, 2021, and has a maturity period of 2 years.

The proceeds from this bond issuance were allocated to expand real estate investment activities and land acquisition.

In a separate development, Novaland’s Board of Directors has approved a resolution to secure a loan of up to VND 143 billion from Long Hưng Phát Real Estate Investment Company Limited. The loan has a term of 36 months and an anticipated interest rate of 7% per annum.

Long Hưng Phát is a subsidiary of Novaland, with a 79.98% ownership stake and 100% voting rights as of June 30, 2025.

Earlier, as of October 9, Novaland successfully offered 48.7 million ESOP shares to 393 employees at a price of VND 10,000 per share, raising over VND 487.5 billion. These funds will be utilized to bolster the company’s business operations and working capital.

On the same day, Novaland also completed the distribution of 48.75 million ESOP bonus shares to 577 employees. These shares are subject to a one-year transfer restriction.

The capital for these ESOP issuances was sourced from the share premium reserve, as evidenced by the audited standalone financial statements for 2024. The primary objectives of these ESOP issuances are to recognize the contributions of employees to the company’s business operations, foster long-term commitment from skilled and experienced employees, and motivate them to contribute to the company’s sustainable growth and share in its achievements.

Among the beneficiaries, CEO Dương Văn Bắc received 7.34 million ESOP shares and an equivalent number of bonus shares, while Bùi Đạt Chương, the brother of Chairman Bùi Thành Nhơn, received 1.5 million ESOP shares and the same number of bonus shares.

The transfer of the issued shares is expected to be completed in October-November 2025. Upon finalizing both ESOP issuances, Novaland’s total outstanding shares will increase from over 1.95 billion to nearly 2.05 billion, raising its charter capital from over VND 19,501 billion to more than VND 20,476 billion.