Form of information disclosure for enterprises issuing private bonds in the domestic market in Vietnam

Form of information disclosure for enterprises issuing private bonds in the domestic market in Vietnam

Bond-issuing enterprises disclose information to bond purchasers through at least one of the following methods:

- Hard copy document;

- Electronic document;

- Posts on the issuing enterprise's website.

Bond-issuing enterprises disclose information in electronic form to the Hanoi Stock Exchange on the Specialized Corporate Bond Information Portal.

Information disclosure before a private bond offering in the domestic market in Vietnam

Bond-issuing enterprises shall disclose information before the offering as stipulated in Article 19 of Decree 153/2020/ND-CP and Clause 14 Article 1 of Decree 65/2022/ND-CP.

Pursuant to Article 19 of Decree 153/2020/ND-CP and Clause 14 Article 1 of Decree 65/2022/ND-CP:

(1) No later than 1 business day before the bond issuance date, the enterprise must disclose information prior to the offering to investors registered to purchase bonds and send the disclosure content to the stock exchange.

- The content of the information disclosure prior to the offering is guided by the Ministry of Finance.

- Specifically for the offering of green bonds, in addition to the content stipulated in point a of this clause, the issuing enterprise must disclose information regarding the accounting process, management, and disbursement of funds from the green bond offering as per Clause 3 Article 5 of Decree 153/2020/ND-CP.

- The enterprise sending the disclosure content to the stock exchange is only for the purpose of the stock exchange fulfilling its responsibilities as stipulated in Article 32 of Decree 153/2020/ND-CP, and does not imply that the stock exchange verifies or guarantees the bond issuance of the enterprise.

(2) For enterprises offering bonds in multiple tranches:

+ For the first offering tranche, the information disclosure is executed as per the provisions in Clause (1).

+ For subsequent offering tranches, in addition to the disclosure as stipulated in point a of this clause, within 1 business day before each bond offering tranche, the enterprise must disclose additional information to investors registered to purchase bonds and simultaneously send it to the stock exchange. The supplementary information disclosure content follows regulations stipulated in points b and c of Clause 3 Article 12 of Decree 153/2020/ND-CP.

(3) The stock exchange receives the information disclosure content before the offering according to the provisions of Clause (1) and (2) to summarize and report on the enterprise bond issuance situation as prescribed in Article 33 of Decree 153/2020/ND-CP.

- The content of the information disclosure before the offering follows the template in Appendix I issued together with Circular 76/2024/TT-BTC.

- The form of information disclosure follows the provisions in point a, point b, Clause 1, and Clause 2 Article 6 of Circular 76/2024/TT-BTC.

Circular 76/2024/TT-BTC takes effect from December 25, 2024, and replaces Circular 122/2020/TT-BTC.

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