Vietnam: 04 regimes of publishing of information by bond issuers

According to Circular No. 77/2020/TT-BTC of the Ministry of Finance of Vietnam, there are 04 regimes of publishing of information by bond issuers, specifically as follows:

1. Publishing of information before a bond issue

- An issuer of bonds in the domestic market shall publish information before its bond issue for the investors registering for bond purchase and send the published information to Hanoi Stock Exchange (HNX) in accordance with regulations. The sheet of information to be published before the bond issue must bear the signature of the issuer’s legal representative or person authorized to publish information and the issuer’s seal.

- Issuers of bonds in the international market shall send their published information to HNX in accordance with regulations.

2. Publishing of information concerning issuance results

- Issuers of bonds in the domestic market shall publish information concerning their bond issuance results in accordance with regulations in Decree No. 163/2018/ND-CP.

- When sending published information concerning their bond issuance results to HNX, issuers shall also send the information specified in the form in Appendix I enclosed herewith to HNX for publishing on the corporate bond information webpage.

3. Periodic information publishing

Issuers of bonds in the domestic market shall publish periodic information in accordance with regulations in Article 24 of Decree No. 163/2018/ND-CP and Clause 10 Article 1 of Decree No. 81/2020/ND-CP. When sending published periodic information to HNX, issuers shall also send the information specified in the form in Appendix II enclosed herewith to HNX for publishing on the corporate bond information webpage.

Periodic information publishing shall be made according to the fiscal year. To be specific:

- Within 60 days of the end of the first 06 months of the fiscal year, 06-month periodic information will be published;

- Within 90 days of the end of the fiscal year, annual periodic information will be published.

4. Ad hoc information publishing and publishing of information on convertible bonds, warrant-linked bonds, redemption of bonds before maturity and bond swap

- Issuers of bonds in the domestic market shall publish ad hoc information in accordance with regulations in Article 25 of Decree No. 163/2018/ND-CP.

- Issuers of bonds in the domestic market shall publish information on conversion from convertible bonds into shares, exercise of the right to purchase shares by holders of warrant-linked bonds, redemption of bonds before maturity or bond swap as prescribed in Article 26 of Decree No. 163/2018/ND-CP. The issuers shall also send the information specified in the form in Appendix III enclosed herewith to HNX for publishing on the corporate bond information webpage.

View more details at Circular No. 77/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from September 28, 2020.

Ty Na

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