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Please Sign in your LuatVietnam account and sign up for the lookup software .| Issuing bodies: | Government | Effective date: | |
| Official number: | 153/2020/ND-CP | Signer: | Nguyen Xuan Phuc |
| Legislation Type: | Decree | Expired date: | Updating |
| Issuing date: | 31/12/2020 | Effect: | |
| Fields: | Enterprise , Securities |
Cooperate bonds shall be traded among professional investors only
The Decree No. 153/2020/ND-CP on provisions on private offering and trading of corporate bonds in the domestic market and offering corporate bonds to the international market is issued by the Government on December 31, 2020.
Accordingly, the pair value of bonds offered in the domestic market is VND 100,000 or one of its multiples. Bond-issuing corporations shall prepare a bond issuance plan for submission to a competent authority for approval and acceptance which will serve as a basis for information disclosure.
Besides, conditions for a corporation to offer inconvertible bonds or bonds unaccompanied with warrants to the international market include: Being a joint-stock company or limited liability company established and operating in accordance with the law of Vietnam; Satisfying the requirements on capital adequacy ratio and prudential ratio in operation as prescribed; Complying with regulations on management of foreign borrowing and foreign debt payment by corporation not guaranteed by the Government and the law on foreign exchange management, etc.
Corporation bonds offered for private offering shall be traded among professional securities investors only, except for cases of implementing the judgment or decision of the Court that has taken legal effect or the arbitral decision or inherit according to the provisions of law.
This Decree takes effect on January 01, 2021.
For further details of the Decree 153/2020/ND-CP, Click here
