Conditions for Offering Bonds to the Public in VND by International Financial Organizations
Based on Article 26 of Decree 155/2020/ND-CP stipulating the conditions for offering bonds to the public in Vietnamese Dong by international financial institutions as follows:
The issuer is an international financial institution as stipulated by the law on credit institutions in which the Socialist Republic of Vietnam is a member.
The bonds on offer have a maturity of no less than 10 years.
There must be a plan for issuance and a plan for utilizing the entire amount raised from the public bond offering for projects in Vietnam, approved by the relevant authorities as required by law.
The total amount raised from the offering in Vietnam does not exceed 30% of the total investment capital of the project.
There must be a commitment to fulfill the obligations of the issuer to investors regarding the conditions of issuance, payment, ensuring the legal rights and interests of investors, and other conditions.
There must be a commitment to list the bonds on the securities trading system after the completion of the offering.
Sincerely!
