The debt obligation of Electricity, Water and Construction Installation JSC 2 at IVB as of August 6, 2024 is 41.5 billion VND. Of which, the principal is 20.428 billion VND, the interest on the due date is 1.17 billion VND, the interest on the overdue principal is 19.71 billion VND, and the interest on the overdue interest is nearly 200 million VND.

The collateral for the debt is the land use rights of the project (Cowa Tower) 199 Ho Tung Mau, Cau Dien, Nam Tu Liem, Hanoi; part of the project building including: 2 commercial service floors, 2 basements, 1 technical floor and 5 apartments.

The collateral for the above debt is the 1st floor and mezzanine floor of block A102 of the apartment project block C block D5 (Cau Giay New Urban Area, Dich Vong Ward, Cau Giay District, Hanoi); house and land at 65 Le Hong Phong Street (Dien Bien Ward, Ba Dinh District, Hanoi).

IVB said that the bank sells the debt as is, including all rights and interests attached to the debt of IVB to the borrower; the right to handle collateral and other related rights and interests according to the provisions of law owned by IVB; including rights and obligations before, during and after the debt sale.

The debt sale price is equal to the total debt obligations of Electricity, Water and Construction Installation JSC 2 at IVB at the time of signing the debt sale contract, tentatively calculated as of August 6, 2024, which is 41.5 billion VND.