Novaland extends 800 million share offering to repay bonds

Novaland Group (NVL) has announced an extension for its public offering of up to 800.7 million shares to existing shareholders. The deadline for registering and paying for the shares has been moved from October 29, 2026, to November 26, 2026. Additionally, the period for transferring subscription rights has been extended to November 23, 2026.

The offering is set at a price of 10,000 VND per share, with an expected total revenue of approximately 8,007 billion VND. The company intends to utilize these funds primarily for debt management. Specifically, approximately 5,953.3 billion VND is earmarked to pay the principal of 13 different bond series issued by Novaland.

Furthermore, the company plans to allocate 916.3 billion VND to Nova Saigon Royal Real Estate Investment Co., Ltd. to settle bond principal, and 1,137.3 billion VND to No Va Thao Dien Co., Ltd. for similar bond obligations. These payments are projected to occur between the fourth quarter of 2026 and the first quarter of 2027.