Hoang Anh Gia Lai Joint Stock Company (HAGL) recently announced this information in an unusual disclosure.
The Bank for Investment and Development of Vietnam (BIDV) is no longer the bondholder of the HAGL bond batch issued in 2016. This follows the completion of a transfer agreement signed on 29/12. The transferee is Vietnam Debt and Asset Trading Corporation (DATC - Ho Chi Minh City Branch), an entity specializing in acquiring and processing non-performing loans and residual assets.
The transferred debt involves the entire batch of HAGL's Group A bonds, code HAGLBOND16.26. These bonds were issued on 30/12/2016, carry a 10-year term, and will mature on 30/12/2026. At the time of transfer, 3,876 bonds were outstanding, each with a par value of one billion VND.
These are non-convertible, secured bonds featuring a floating interest rate. The issuance rate was set at 9,7% per year, with interest paid quarterly. Effective from the contract date, DATC became the sole bondholder of all outstanding Group A bonds from Hoang Anh Gia Lai, inheriting all associated legal rights and benefits.
Concurrently with the transfer of the Group A bond batch, Hoang Anh Gia Lai had previously restructured its Group B bonds, issued in the same year, by converting debt into shares. In 2025, the company issued 210 million common shares to swap over 2,500 billion VND of debt for six creditors, easing debt obligations before maturity.
Immediately after completing the transaction, DATC requested Hoang Anh Gia Lai to cooperate in updating relevant information. This collaboration aims to address any arising matters concerning the bondholder's rights and obligations, as stipulated by law.
DATC is a 100% state-owned enterprise, operating under the Ministry of Finance. Its core activities include debt trading and non-performing asset resolution.
Mr. Doan Nguyen Duc, Chairman of the Board of Directors of Hoang Anh Gia Lai, previously told VnExpress that the company anticipates achieving 2,800 billion VND in profit in 2025, partly from financial operations. As of the end of November, the company had already recorded approximately 1,800 billion VND in profit.
*Thi Ha*
