A series of tycoons are focusing their efforts on paying off debts before Tet.

(NLĐO) - As of December 31, 2024, HAGL Agrico has paid off all debts as agreed and no longer has any outstanding debt with Hoang Anh Gia Lai .

Recently, Coteccons Construction Joint Stock Company (stock code: CTD) announced that on January 14th (the 15th day of the 12th lunar month), it paid 432 billion VND in principal and nearly 20.7 billion VND in interest on the CTD122015 bond issue.

Reportedly, this bond issue was issued by Coteccons on January 14, 2022, with a 3-year term and a planned maturity date of January 14, 2025.

In addition, Kido Group Joint Stock Company (stock code: KDC) has announced information regarding the results of its early bond repurchase.

Specifically, on January 6, 2025, the corporation repurchased a portion of the bond issue coded KDCH2126001, with a repurchase value of VND 250 billion, bringing the remaining value of the bond issue to VND 250 billion.

It is known that the KDCH21246001 bond issue was issued by Kido on January 4, 2021, with a face value of 1 billion VND per bond, for a total issuance value of 1,000 billion VND. With a 5-year term, this bond issue is expected to mature on January 4, 2026.

By the end of 2024, many other businesses also spent trillions of dong to repay debts.

Specifically, Hoang Anh Gia Lai Joint Stock Company (HAGL, stock code: HAG), chaired by Mr. Doan Nguyen Duc (Chairman Duc), announced on December 29th that the company had paid 206 billion VND - a portion of the principal debt of the HAGLBOND16.26 bond issue, with BIDV as the bondholder.

Many businesses are focusing their efforts on paying off debts before Tet (Lunar New Year). (Illustrative image)

By December 30th, Mr. Duc's company announced that it had paid an additional 824 billion VND in principal debt, reducing the total principal debt to 766 billion VND. Thus, in just two days, Mr. Duc's company repaid over 1,000 billion VND in bond debt.

Hoang Anh Gia Lai expects to pay the remaining balance in the second quarter of 2025.

In addition, Hoang Anh Gia Lai International Agriculture Joint Stock Company (HAGL Agrico, stock code: HNG), chaired by billionaire Tran Ba ​​Duong, announced that it has completed debt repayment according to the tripartite agreement between the Vietnam Investment and Development Bank (BIDV), HAGL Agrico, and Hoang Anh Gia Lai Joint Stock Company.

Accordingly, HAGL Agrico has repaid 4,228 billion VND. Of this amount, the company paid 2,094 billion VND directly to BIDV and 2,134 billion VND to Hoang Anh Gia Lai related to the HAGLBOND16.26 bonds issued in 2016.

As of December 31, 2024, HAGL Agrico had fully repaid all debts as agreed and no longer had any outstanding debt with Hoang Anh Gia Lai.

On December 31, 2024, Nova Real Estate Investment Group Joint Stock Company (Novaland, stock code: NVL) repurchased five tranches of bonds ahead of schedule with a total repurchase value of VND 1,550 billion.

Previously, Novaland's Board of Directors approved a plan to repurchase all 21 bonds issued in 2020 ahead of schedule, with a total face value of VND 7,000 billion. These bonds initially had a term of 36 months (3 years), but Novaland subsequently negotiated an extension to 60 months, with principal and interest payments due in June 2025.

The buyback period is expected to be from the end of December 2024 to January 2025, through a negotiated agreement. The buyback price will be calculated as the face value plus accrued interest up to the date of purchase.

Regarding other bond packages, Novaland stated that it is negotiating with bondholders and implementing measures to fulfill obligations, aiming to protect the rights of bondholders amidst the ongoing difficulties in the real estate market.

Nam Long Investment Corporation (stock code: NLG) announced that it has completed the early repurchase of two tranches of bonds with a total value of VND 1,000 billion on December 25, 2024.

Nam Long issued two tranches of bonds, NLGH2229001 and NLGH2229002, on June 14, 2022 and December 13, 2022, respectively, both maturing on March 8, 2029. Tranche NLGH2229001 has an interest rate of 9.35% per year, and tranche NLGH2229002 has an interest rate of 12.94% per year. Each tranche is valued at VND 500 billion.

Source: https://nld.com.vn/loat-dai-gia-don-luc-tra-no-truoc-tet-196250127100646095.htm