(TBTCO) – S-Homes Real Estate Investment and Trading Joint Stock Company (S-Homes Real Estate) has just paid VND 181 billion in principal and interest arising from the bond lot SSHCH2123001. This is a batch of bonds that reached an agreement to extend for another 2 years, from September 10, 2023 to September 10, 2025.
In the context of difficult production and business activities, the real estate market is still quiet, many businesses have difficulty with cash flow and limited access to capital, S-Homes Real Estate broadcasts credit. Positive sign when completing the first payment of principal and interest for bond batch SSHCH2123001.
Specifically, S-Homes Real Estate Investment and Trading Joint Stock Company has just issued a written report to HNX announcing unusual information about the Resolution of bond holders for bond code SSHCH2123001.
Accordingly, Resolution 01/2023/NQ-SSH-TVSI approved extending the bond term for another 2 years, from September 10, 2023 to September 10, 2025.
At the same time, the resolution also announced the roadmap for payment of principal and interest arising according to the outstanding bond principal balance, which will be divided into 8 installments, starting to pay on December 11, 2023 and expected to be completed on December 11, 2023. September 10, 2025.
HNX data shows that the bond batch SSHCH2123001 issued on September 10, 2021, has a total value of 2,400 billion VND, including 24 million bonds, par value of 100,000 VND/bond. As of September 11, 2023, S-Homes Real Estate has paid 10% of the total original par value, equivalent to 240 billion VND, and interest due in the amount of 69.1 billion VND. Accordingly, the number of outstanding bonds is 2,160 billion VND, equivalent to 21.6 million bonds.
Also on the same day of announcing Resolution 01/2023/NQ-SSH-TVSI, S-Homes Real Estate made an immediate payment to bond holders of 181 billion VND in principal and an estimated 45,000 VND in interest. 5 billion VND. Therefore, currently the total number of outstanding bonds under code SSHCH2123001 is only 19.8 million shares, worth 1,980 billion VND.
According to Resolution 01/2023/NQ-SSH-TVSI, during the bond term, if the bond owner wishes to convert their existing bonds to real estate products, it depends on the policy of the Government. Project investors that S-Homes cooperates with during the same period, S-Homes will support bond holders to make the conversion.
On the other hand, to ensure that the number of real estate products can satisfy bond holders, bond holders who wish to convert need to contact S-Homes early so that S-Homes can coordinate with them. The investor conducts conversion procedures.
Recently, S-Homes has made great efforts to ensure the payment roadmap and promote negotiations with bondholders to convert bonds to own real estate products, demonstrating remarkable efforts. of businesses in the process of removing difficulties, restoring and healthyening the corporate bond market./.