Friday, March 29, 2024 9:32:22 PM - Markets open
VN-INDEX 1,284.09 -6.09/-0.47%
HNX-INDEX 242.58 -1.33/-0.55%
UPCOM-INDEX 91.57 +0.09/+0.10%
New decree on placement, trading of corporate bonds issued
Vietnamplus - 3/6/2023 10:53:46 AM
 (0 ratings. You must sign in to rate.)
 The Government has issued a decree on the amendment, supplementation and cancellation of some articles of decrees related to the private placement and trading of privately placed corporate bonds in the domestic market and offering of corporate bonds to the international market. 
 
Under the new decree, for bonds placed in the domestic market, in case the issuing enterprise is unable to pay in full and on time the bond principal and interest in VND  according to the issuance plan announced to investors, they are allowed to negotiate with bondholders to pay bond principals and interests due with other assets following certain principles in line with the law.
 
Meanwhile, regulations on the maturity of the issued bonds were changed, allowing enterprises to change the terms and conditions of bonds.
 
In case of extending the bond's term, the maximum period must not exceed two years compared to the term in the bond issuance plan announced to investors.
 
If the bondholders do not agree to change the bond's terms and conditions, the issuing enterprise is responsible for negotiating to ensure the interests of investors. In case a bondholder does not accept the negotiation plan, the enterprise must fulfill all obligations towards the bondholder according to the bond issuance plan announced to investors.
 
The new decree also cancelled a number of regulations, including those on determining the status of professional securities investors as individuals and corporate credit ratings.
 
The decree took effect from March 5./.
VNA
 
Read original article here
Newer News
28/03 Deposit interest rates to remain low until mid-2024: analysts
20/03 Central bank required to take urgent measures to stabilise gold market
20/03 Banks given advantages to CASA ratio
18/03 Việt Nam to revise gold market regulations: amendments to Decree 24/2012/NĐ-CP underway
18/03 Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
15/03 PM urges further rate cuts, improved credit access to remove obstacles, promote growth
14/03 Insurance premium revenue rebounds in the first two months
14/03 Foreign exchange rate cools after central bank’s intervention
14/03 Lukewarm reception for VNĐ120 trillion credit package
14/03 Banks remain reluctant in disclosing interest rates
Older News
06/03 Banks cautious about profit targets for 2023
06/03 Central bank grants first credit growth quota for banks in 2023
25/02 MoF proposes decree amendment to allow bond payment conversions
23/02 Deposit interest rates continue to decrease
23/02 Setbacks to overcome for green bond market
20/02 MOF considers allowing businesses to pay bond interest in shares, realty products
16/02 SBV to prioritise credit for production, business in HCM City
08/02 Bond market remains quiet this year: VCBS
30/01 Reference exchange rate up 3 VND at week’s beginning
30/01 Reference exchange rate up 3 VND at week’s beginning
 
Newsletter Signup
Top Stories
Shares sustain gains on strong investor confidence
Banks given advantages to CASA ratio
Man owes bank nearly VNĐ9 billion in credit card's interest after 11 years
VN-Index corrects, liquidity stays high
Stock Market Upgrade Journey: overcoming hurdles and reaching new heights
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,284.09 -6.09/-0.47%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.