Vietnam: Contents of report of the Stock Exchange on current conditions of corporate bond issuance

According to Clause 12 Article 1 of Decree No. 81/2020/NĐ-CP of Vietnam’s Government, the Stock Exchange shall provide monthly, quarterly and annual reports on issuance and trading of corporate bonds, including those issued in the domestic market and international markets, according to guidelines given by the Ministry of Finance. A report submitted by the Stock Exchange includes the following contents:

- The number of issuers sorted by form of enterprise, including publicly-traded company, non-publicly traded joint-stock company and limited liability company, the number of bond issues (including the issuance of convertible bonds, guaranteed bonds, warrant-linked bonds, and green bonds);

- Main conditions and terms of bonds to be issued and issuance results;

- Average interest rate on bonds of each term;

- Market and location of bond issuance;

- Information on the registration, depositing and trading of corporate bonds, including:

+ The number of enterprises carrying out registration and depositing of bonds, and the number of bonds registered and deposited during the period; the number of bonds traded during the period.

+ The payment of bond principals and interests;

+ The number of bondholders of each bond code.

Decree No. 81/2020/NĐ-CP stipulates that the depository shall provide information for the Stock Exchange within 01 working day upon completion of a bond transaction. The depository shall provide monthly, quarterly and annual information on the registration and depositing of bonds for the Stock Exchange that shall then consolidate received information and report it to the Ministry of Finance according to the above provisions.

Counseling organizations shall submit reports on consultancy on issuance of corporate bonds to the Ministry of Finance for every 06 months and on an annual basis. The Ministry of Finance shall provide guidelines on reporting by the Stock Exchange, depository and counseling organizations.

View other provisions at Decree No. 81/2020/NĐ-CP of Vietnam’s Government, effective from September 01, 2020.

Thu Ba

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