Vietnam’s Novaland cancels bond issuance and withdraws offer

By Mary-Katherine Stinson

Lexington, Ky., July 8 – Vietnam’s No Va Land Investment Group Corp. (Novaland Group) canceled and withdrew its public bond offering effective July 8, according to a notice.

The investment group’s board said they were adjusting their business and financial plan due to the economic situation and domestic and foreign financial markets.

The board had originally approved the bond issuance on July 13, 2021.

The real estate development and leasing company is based in Ho Chi Minh City, Vietnam.

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