Application for initial registration for private placement of corporate bonds in Vietnam

Application for initial registration for private placement of corporate bonds in Vietnam

- The application for initial registration for private placement of corporate bonds is stipulated in Article 7 of the Regulation on the registration and transfer of securities ownership issued under Decision 108/QD-VSD dated August 20, 2021.

- For the samples of the Securities Registration Request by the issuing organization (Form 01C/DKCK) and the Register of Bondholders (Form 02B/DKCK) in the Regulation on the registration and transfer of securities at the Vietnam Securities Depository and Clearing Corporation (VSDC) applied to the initial registration of private corporate bonds, they will be replaced by Form 01/DK-TPRL and Form 02/DK-TPRL in this Regulation.

- For private corporate bonds issued since the effective date of Decree 153/2020/ND-CP and registered at VSDC before the effective date of this Regulation, the issuing organization is not required to re-register the private corporate bonds at VSDC as per the provisions of Clause 1, Clause 2, Article 6 of this Regulation but shall update additional information on the registration of private corporate bonds as stipulated in Clause 1, Clause 2, Article 6 of Circular 30/2023/TT-BTC.

Within 2 working days from the day after VSDC receives all the updated additional information from the issuing organization, VSDC will transfer the registration and depository data of these private corporate bond codes to the private placement bond trading market at HNX and notify HNX, related depository members, and the issuing organization.

Processing the Application for initial registration for private placement of corporate bonds in Vietnam

- Within 3 months from the official operational date of the bond registration and depository system at VSDC, the processing time for the initial registration dossier of private corporate bonds by VSDC shall be within 12 working days from the day after VSDC receives the dossier from the issuing organization.

After 3 months from the official operational date of the bond registration and depository system at VSDC, the processing time for the initial registration dossier of private corporate bonds by VSDC shall be within 5 working days from the day after VSDC receives the dossier from the issuing organization. The date when VSDC receives the dossier from the issuing organization is specified in Clause 7, Article 3 of this Regulation.

- In case the dossier is complete and valid, VSDC shall issue the Bond Registration Certificate (Form 06C/DKCK - Regulation on the registration and transfer of securities ownership at VSDC) to the issuing organization and send a notice of registration approval to the issuing organization, HNX, and related depository members (Form 07/DKCK - Regulation on the registration and transfer of securities ownership at VSDC).

The bond code shall be issued by VSDC in accordance with the current regulations on the issuance of domestic securities codes and international securities identification codes at VSDC as issued by the General Director of VSDC.

- In case the dossier is incomplete or invalid, VSDC shall send a written notice to the issuing organization requesting additional information, clarification, or stating the reasons for not completing the bond registration.

More details can be found in Decision 44/QD-VSD, which takes effect from July 03, 2023.

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