Vietnam: What documents are required for registration of change of issuance of international bonds?

Upon arising any change in contents as compared to those stated in the Confirmation of issuance registration, the enterprise shall be responsible for registering that change with the State Bank within a period of thirty (30) working days since the signing date of the changed agreements or the date the concerned parties notify implementation of the right to convert bonds to stocks and before implementation of the changed contents.

Specifically, according to Circular No. 17/2013/TT-NHNN of the State Bank of Vietnam, the registration dossier for change of issuance includes:

- An application for change of the international bond issuance (in line with the Appendix 03 enclosed this Circular);

- Copies in foreign language and Vietnamese translations (with confirmation of the enterprise) of concluded agreements that have been changed;

- A written notification of converting bonds to stocks (for enterprises issuing convertible international bonds);

- Copy of written approval of the competent level to the plan on issuance of international bonds of the enterprise for the changed contents relating to the international bond issuance.

In case where the changed content have been approved in principle by authority competent to approval of the issuance plan when approving the issuance plan or the changed content is conformable with provisions of law, without the officially concluding in writing between parties, the dossier of registration for change of the issuance includes:

- An application for change of the international bond issuance;

- A written notification of converting bonds to stocks;

- Document of enterprise explaining clearly the changed content of the issuance.

View other provisions at Circular No. 17/2013/TT-NHNN of the State Bank of Vietnam, effective from September 01, 2013.

Thu Ba

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