Nova Real Estate Investment Group (Novaland) has announced a delay in the payment of over 645 billion VND in principal for bond no. NVLH2123014, due on May 18, 2025. Out of a total 651.9 billion VND, Novaland has only paid approximately 6.8 billion VND. The company, facing liquidity issues, is negotiating with investors regarding this delay. Additionally, Novaland also has 114.1 billion VND in overdue principal for bond no. NVLH2123007. Amidst this situation, major shareholders, NovaGroup and Diamond Properties, have registered to sell millions of shares to rebalance their investment portfolios and support debt restructuring. In total, nearly 18.8 million NVL shares are set to be sold.
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