ANTD.VN - Many large enterprises continue to announce late bond payments or bond term extensions due to lack of cash flow arrangements.
According to the reporter's records based on data from the Hanoi Stock Exchange (HNX), a series of large real estate enterprises continuously announced information about late payments or extended bond payment terms.
Among them, there are many names such as: Hung Thinh Corporation, Trung Nam Group, Dat Xanh Mien Nam, Novaland...
For example, today, November 28, Hung Thinh Land has issued 2 unusual information announcements on the bondholder resolution, accordingly adjusting the maturity of 2 bond codes. Accordingly, the bond code HTL-H2023-005 of this enterprise was adjusted from a maturity of 3 years to 51 months from the date of issuance. The maturity date will accordingly be postponed from August 28, 2023 to November 28, 2024.
With bond code HTLAND.2020.TV01, term of 43 months, maturity on October 20, 2023, the term is also adjusted to 1,714 days, corresponding to maturity date of November 28, 2024.
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Many businesses have to postpone bond payment deadlines. |
Or Hung Thinh Investment recently announced information about the delay in paying principal and interest on the H39CH2123002 bond lot worth VND800 billion. This enterprise said it is planning to consult bondholders about extending the time to pay principal and interest on the bond.
Dat Xanh Mien Nam also announced late payment of interest on 10 bond codes, because the company has not yet arranged cash flow.
Previously, Novaland, Trung Nam Group and other businesses in the ecosystem also had to announce dozens of pieces of information about the delay in paying principal and interest on bonds since the beginning of the year.
According to a recent report by MB Securities Company (MBS), as of November 21, about 100 businesses have announced delays or postponements in principal and interest payments on bonds.
Accordingly, the total value of corporate bonds with delayed payment obligations is about 192,000 billion VND, accounting for nearly 19% of outstanding corporate bonds in the entire market.
Of which, the real estate industry continues to account for the largest proportion - about 70% of the value of late payment.
Regarding the bond market, recently, Prime Minister Pham Minh Chinh signed Official Dispatch 1177/CD-TTg dated November 23, 2023 on continuing to resolutely implement solutions to increase access to credit capital, promote the development of the corporate bond market, and real estate effectively, safely, healthily, and sustainably.
Accordingly, the Prime Minister requested the Ministry of Finance to preside over and coordinate with relevant agencies to urgently review and carefully and specifically assess the payment capacity of organizations issuing corporate bonds, especially bonds due for payment in late 2023 and 2024.
Proactively develop scenarios, assess impacts and have specific and effective plans and measures to handle them according to authority, contributing to ensuring safety and security of the financial and monetary markets; not allowing passivity, surprise and negativity to affect the rapid and sustainable development of the economy.
At the same time, closely monitor and accurately assess the ability and payment plan of the issuing enterprise, especially enterprises that are still facing difficulties and may have risks in debt repayment ability.
Require businesses to prioritize resources to fully perform obligations according to regulations, ensuring the legitimate rights and interests of investors and related entities.
There are practical and effective solutions to consolidate, enhance and restore investor confidence, promote the safe, transparent, healthy and sustainable development of the corporate bond market...
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