Vietnam: Corporate bonds shall be issued in a form of certificates or electronic data

Le Trang

15:37, 03/02/2019

This is a notable content specified in Decree No. 163/2018/NĐ-CP of Vietnam’s Government prescribing the issuance of corporate bonds, which replaces Decree No. 90/2011/NĐ-CP.

According to Vietnam’s new regulations of Decree No. 163/2018/NĐ-CP of Vietnam’s Government, bonds shall be issued in a form of certificates, entries or electronic data and bond-issuing enterprises shall decide specific forms of bonds in each issuance.

Also according to Decree No. 163/2018/NĐ-CP, nominal interest rates of bonds are specified as follows:

- The nominal interest rate of a bond may be determined according to one of the following methods: fixed interest rate applied to the entire maturity; floating interest rate; fixed and floating interest rate;

- If the nominal interest rate is a floating interest rate, bond-issuing enterprises must specify benchmarks for determination of the nominal interest rate in the bond issuance plan and must inform bond purchasers of those benchmarks in use;

- Enterprises shall make their decision on the nominal interest rate of each issue of bonds.

View full text at Decree No. 163/2018/NĐ-CP of Vietnam’s Government, effective from February 01, 2019.

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