Nova Real Estate Investment Group (Novaland) has announced its bond payment situation. According to the plan, on March 15, 2025, Novaland is due to repay nearly 162.2 billion VND in principal and interest for bond code NVLH2224006. However, they have only paid over 14.7 billion VND in interest and still owe over 145.9 billion VND in principal. Novaland stated that they have not arranged sufficient funds for payment. Additionally, on March 17, 2025, they also delayed payments for two other bond codes, totaling nearly 1,217.8 billion VND. At the same time, Novagroup registered to sell 5 million NVL shares to restructure investments and support debt structure. Mr. Bùi Cao Nhật Quân also registered to sell 2.92 million NVL shares for personal reasons.
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