Novaland (stock code: NVL) has informed the Hanoi Stock Exchange that it is due to pay nearly 906 billion VND in principal and interest for bond NVLH2123011 on May 23, 2025. However, only approximately 221 million VND has been settled with other assets, leaving nearly 905.8 billion VND unpaid. This bond, issued on September 1, 2021, has a total value of 1 trillion VND and the funds were raised for investment in the urban project located in Phuoc Hung island, Bien Hoa. Prior to this, on May 18, 2025, Novaland paid about 6.8 billion VND out of over 651.9 billion VND for bond NVLH2123014, with more than 645.1 billion VND still outstanding. The company is currently in negotiations with investors regarding the delayed payments. Additionally, Novaland has announced the appointment of Mr. Cao Tran Duy Nam as its legal representative starting from May 22, 2025.
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