Deadline for Disclosure of Unusual Information by Enterprises in Bond Issuance

According to Clause 1, Article 25 of Decree 163/2018/ND-CP on the issuance of corporate bonds, effective from February 1, 2019, it stipulates the timeframe for disclosing extraordinary information of enterprises in bond issuance as follows:

Within 24 hours after the occurrence of any of the following events, the bond-issuing enterprise must disclose extraordinary information to bondholding investors and submit the disclosure content to the Stock Exchange:

a) In case of temporary suspension of part or all of the business activities, suspension of operations, or revocation of the Enterprise Registration Certificate or Business Registration Certificate or equivalent licenses as per legal provisions; upon receiving a decision regarding reorganization or business transformation;

b) Changes in the information content compared to the disclosed information leading to the enterprise not meeting issuance conditions or unable to ensure payment of the principal and interest of corporate bonds;

c) Changes in the capital use plan from bond issuance.

The Stock Exchange shall receive the disclosure content per the regulations in Clause 1 of this Article and disclose extraordinary information through the corporate bond information portal immediately upon receiving the disclosure content from the bond-issuing enterprise.

=> Thus, within 24 hours after the occurrence of any of the following events, the bond-issuing enterprise must disclose extraordinary information to bondholding investors.

The above is the advisory content.

Sincerely!