On October 15, Trinh Gia Nguyen Telecommunication Company Limited announced unusual information about the late payment of interest on bond code TrinhGiaNguyen.Bond.2020. Accordingly, on October 16, 2024, the company is due to pay VND 890.5 billion in interest on the above bond code.
However, Trinh Gia Nguyen Telecom could not pay on time. Regarding the reason for the delay in payment, the company said that the issuing organization had not arranged enough resources to pay the bond interest on time compared to the plan and was negotiating with the bondholders.
Trinh Gia Nguyen Telecommunications is a business operating in the field of general wholesale. The company was established in 2017, headquartered at Lotus Building, No. 2 Duy Tan Street, Dich Vong Hau Ward, Cau Giay District, Hanoi City.
In 2020, the company issued bond code TrinhGiaNguyen.Bond.2020, 9-year term with mobilized value of 1,400 billion VND, maturing on April 16, 2029. On May 12, 2023, the company bought back 1 billion VND before maturity. After a buyback, the principal balance of the bond lot is 1,399 billion VND.
BNP Global Real Estate JSC has also just announced unusual information related to the payment of principal and interest of bond BNPCH2123002. This bond lot was issued on October 4, 2021, maturing on June 4, 2024, with a total issuance value of VND 2,100 billion.
However, BNP Global has not been able to pay all the bond debt as planned, the company is overdue for payment of more than VND1,207 billion. However, the company has only paid VND614.2 million on September 27, through the property rights arising from receivables. The remaining amount unpaid to bondholders is more than VND1,206 billion.
In the unusual information disclosure, BNP Global did not specify the expected time to complete the payment of the remaining debt of the above bond lot.
Another real estate company, S - Vietnam Real Estate Trading Joint Stock Company, also announced on October 8 that it would delay the payment of bond code SVNCH2124001. The bond was issued on October 7, 2021, with a term of 3 years, maturing on October 7, 2024.
According to the plan, on October 7, 2024, S-Vietnam Real Estate must pay nearly VND 158 billion in interest and VND 2,500 billion in principal. However, the company cannot pay on time, the reason given is that it has not arranged the payment source in time.
Also in the real estate sector, Tonkin Land Joint Stock Company is late in paying 2.2 billion VND in interest debt on bond code TKLCH2225001. The planned payment date is May 6, 2024, however, the company cannot pay the debt as committed. Tonkin Land said it is arranging funds to pay but did not disclose the reason for the late payment of interest on this bond code.
