What is the newest application form for public bond offering in Vietnam?
What is the newest application form for public bond offering in Vietnam?
Under Form No. 07 Annex issued together with Decree 155/2020/ND-CP, the application form for public bond offering in Vietnam ías follows:
Download the newest application form for public bond offering in 2024
What is the newest application form for public bond offering in Vietnam? (Image from the Internet)
What are the conditions for public bond offering in Vietnam?
Clause 3, Article 15 of the Securities Law 2019 stipulates the conditions for public bond offering in Vietnam:
Article 15. Conditions for public offering
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3. Conditions for public bond offering in Vietnam include:
a) The contributed charter capital is at least 30 billion VND on the offering date according to the accounting books;
b) The issuer has profit in the preceding year and has no accumulated loss on the offering date; there is no debt that is overdue for more than 01 year;
c) There is a plan for issuance, use and repayment of the capital generated by the offering ratified by the General Meeting of Shareholders, Board of Directors, the Board of members or the company president;
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Thus, the conditions for public bond offering in Vietnam are stipulated as follows:
- The contributed charter capital is at least 30 billion VND on the offering date according to the accounting books;
- The issuer has profit in the preceding year and has no accumulated loss on the offering date; there is no debt that is overdue for more than 01 year;
- There is a plan for issuance, use and repayment of the capital generated by the offering ratified by the General Meeting of Shareholders, Board of Directors, the Board of members or the company president;
- The offering is consulted by a securities company, unless the issuer is already a securities company;
- The issuer is not undergoing criminal prosecution and does not have any unspent conviction for economic crimes;
- The issuer has a credit rating if required by the Government;
- The issuer has an escrow account to receive payments for the offered bonds;
- The issuer has a commitment to have its shares listed on the securities trading system after the end of the offering.
- The issuer has a commitment to fulfill its obligations to the investors in terms of conditions for issuance, payment, assurance of the lawful rights and interests of investors and other conditions;
What does the application for public bond offering in Vietnam include?
Pursuant to Clause 3, Article 18 of the Securities Law 2019, the application for public bond offering in Vietnam includes:
- The application form;
- The prospectus;
- The issuer’s charter;
- Written commitment that the issuer has a commitment to fulfill its obligations to the investors in terms of conditions for issuance, payment, assurance of the lawful rights and interests of investors and other conditions;
- The decision of the General Meeting of Shareholders, Board of Directors, the Board of members or company owner to ratify the plan for issuance and the plan for use and repayment of capital generated by the offering, and the commitment to have the bonds listed on the securities trading system;
- The commitment to fulfill its obligations to the investors in terms of conditions for issuance, payment, assurance of the lawful rights and interests of investors and other conditions;
- The credit rating report;
- The contract with a securities company for public offering consulting;
- A bank’s or FBB’s confirmation on opening of an escrow account to receive payments for the offered bonds;
- The public offering underwriting agreement (if any).
