DIC GROUP HAS JUST SETTLED A BOND LOT OF VND 461 BILLION

On September 30^th, 2024, DIC Group (HoSE: DIG) completed the redemption of 4,610 bonds, equivalent to VND 461 billion along with VND 27.77 billion in interest on the DIG12101 bond lot (bond code: DIGH2124002). Accordingly, DIC Group's outstanding bonds decreased to VND 2,039 billion.

The completion of both principal and interest payments on time not only strengthens investors' confidence but also enhances the reputation of DIC Group in the financial market. This is an important step to help the company reduce financial risks and effectively restructure capital. This move affirms DIC Group's financial management capacity, creating opportunities to attract new capital sources and expand relationships with strategic partners.

Mr. Nguyen Quang Tin – General Director of DIC Group shared: "DIC Group is committed to seriously repurchasing bonds ahead of time or on time, and at the same time paying full bond interest to ensure maximum benefits for bondholders. With a prudent management strategy, adhering to a transparent development roadmap, and a methodical business plan, DIC Group always ensures a stable source of revenue to pay bond obligations, while reducing financial pressure and preparing for the next development plans."

With safe financial indicators, DIC Group will continue to focus resources on investing in key real estate projects and improve financial potential. Maintaining a healthy debt ratio, accumulating cash and cash equivalents, and being ready to adapt to fluctuations in the real estate market are the priority strategies of DIC Group in the current period.

The corporate bond market in Vietnam is currently going through a volatile period with many risks and challenges. According to the latest data from Vietnam Investors Service Joint Stock Company (VIS Rating), in September 2024, about VND 245,000 billion of corporate bonds are due, of which VND 18,000 billion of bonds cannot be repaid on time, mainly belonging to residential and construction real estate enterprises. The timely settlement of bonds by DIC Group is a remarkable sign, affirming the strength and prestige of the business in the market.

Media and Communication Department