Vietnam: From September 01, 2020, an enterprise’s bond issuance dossier shall include a bond purchase agreement

16:05, 11/07/2020

This is a notable content specified in Decree No. 81/2020/NĐ-CP of Vietnam’s Government providing amendments to Decree No. 163/2018/NĐ-CP dated December 04, 2018 of Vietnam’s Government prescribing the issuance of corporate bonds.

Specifically, from September 01, 2020, an enterprise’s bond issuance dossier includes:

- The bond issuance plan prescribed in Clause 1 Article 14 of Decree No. 163/2018/NĐ-CP;

- The information sheet about bond issuance as prescribed in Appendix 1 enclosed with Decree No. 163/2018/NĐ-CP;

- The agreements signed between the issuer and providers of services relating to the bond issue;

- The audited financial statements of the year preceding the year of issuance;

- Rating results given by credit rating agencies with respect to the issuer and type of bonds issued (if any);

- Bond purchase agreement indicating the investor’s commitment to have fully accessed to information published before the bond issue and clearly understood risks incurred from bond purchase (according to Decree No. 163/2018/NĐ-CP, a bond purchase agreement is not required).

View details at Decree No. 81/2020/NĐ-CP of Vietnam’s Government, effective from September 01, 2020.

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