
Aqua City Company Limited defaulted on bond payment
Aqua City Company Limited, the developer of the Aqua City project, failed to make a principal payment of VND 502 billion for its TPACH2025004 bond, which matured on June 23, 2025. The company stated it had not secured the necessary funds and was negotiating with investors. This is not the company's first bond issue, as it previously had to amend collateral terms and extend maturities for several other bond batches.
Aqua City Company Limited, the developer of the Aqua City project, failed to make a principal payment of VND 502 billion for its TPACH2025004 bond, which matured on June 23, 2025. The company stated it had not secured the necessary funds and was negotiating with investors. This is not the company's first bond issue, as it previously had to amend collateral terms and extend maturities for several other bond batches.
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