What are regulations on disclosure of information on corporate bonds offering results in the international market in Vietnam?

What are regulations on disclosure of information on corporate bonds offering results in the international market in Vietnam?

Pursuant to Article 30 of the Decree 153/2020/NĐ-CP (amended by Clause 19 Article 1 of the Decree 65/2022/NĐ-CP) stipulating disclosure of information on corporate bonds offering results in the international market in Vietnam as follows:

1. Within 05 working days from the completion date of the bond offering, the issuer shall send information on offering results to the SE. The information on offering results to be disclosed shall comply with guidelines given by the Ministry of Finance of Vietnam.

1a. If the offering is unsuccessful or an offering wave is cancelled, within 05 working days from the completion of bond distribution, the issuer shall disclose information and send the disclosed information to the SE.

2. The Stock Exchange shall receive the issuer’s disclosed information on offering results as prescribed in Clause 1 of this Article for consolidation and publishing on the corporate bond information webpage as prescribed in Clause 2 Article 32 hereof and reporting on issuance of corporate bonds in the international market as prescribed in Article 33 hereof.

What is the time limit for periodic disclosure of information on corporate bonds offering results in the international market in Vietnam?

Pursuant to Clause 1 Article 31 of the Decree 153/2020/NĐ-CP stipulating the time limit for periodic disclosure of information on corporate bonds offering results in the international market in Vietnam as follows:

1. For every 06 months and on annual basis, until the maturity date of bonds, the issuer shall send periodically disclosed information to the Stock Exchange.

a) Within 60 days of the end of the first 06 months of the fiscal year, the issuer shall disclose 06-month periodic information.

b) Within 90 days of the end of the fiscal year, the issuer shall disclose annual periodic information.

What are contents and documents for disclosure of information complied with guidelines given by the Ministry of Finance of Vietnam?

Pursuant to Article 31 of the Decree 153/2020/NĐ-CP (amended by Clause 20 Article 1 of the Decree 65/2022/NĐ-CP) stipulating contents and documents for disclosure of information complied with guidelines given by the Ministry of Finance of Vietnam as follows:

a) The issuer’s half-year and annual financial statements which have been audited or reviewed (if any); the data on annual and half-year financial statements which are not yet audited and reviewed respectively must be certified by GMS, the Board of Directors, the Board of Members or the Company’s President. If the issuer is a parent company, the half-year and annual financial statements shall consist of both consolidated financial statements and financial statements of the parent company.

b) The payment of bond principal and interest amounts.

c) The half-year and annual reports on use of funds raised from the bond issuance in respect of outstanding bonds.

d) Reports on ad hoc information of the issuer (if any).

dd) Reports on redemption of bonds before maturity, bond swap, conversion of bonds into shares or exercise of warrants (if any).

e) The report on the issuer’s fulfillment of commitments to bondholders.

What are responsibilities of Stock Exchange regarding corporate bond information webpage in Vietnam?

Pursuant to Clause 21 Article 1 of the Decree 65/2022/NĐ-CP (amending Clause 1 Article 32 of the Decree 153/2020/NĐ-CP) stipulating responsibilities of Stock Exchange regarding corporate bond information webpage in Vietnam as follows:

1. The SE shall:

a) Consolidate information received from issuers for publishing on the corporate bond information webpage as prescribed in Clause 2 of this Article;

b) Formulate and promulgate regulations on receipt and supervision of information disclosure, reporting and operation of the corporate bond information webpage after obtaining the approval from SSC.

Best regards!