Vietnam: Corporate bonds shall be subject to a restriction on transaction with fewer than 100 investors

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

According to Decree No. 163/2018/NĐ-CP of Vietnam’s Government, corporate bonds shall be subject to a restriction on transaction with fewer than 100 investors, exclusive of professional securities investors within one year after completion of an issuance, except in the case of compliance with a Court's decision or inheritance prescribed by laws.

After the aforesaid duration, corporate bonds shall be transacted without being subject to any restriction on the number of investors.

The face value of a corporate bond shall be 100,000 Vietnamese dong or shall be the multiple of 100,000 Vietnamese dong. Face value of bonds issued to international markets shall be subject to regulations of destination markets.

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

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

25 lượt xem



Related Document
  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;