LOCAL IS ENTITLE TO ISSUE BOND'S FACE WITH VALUE VND 100,000
This content is prescribed at the Decree No. 93/2018/ND-CP dated June 30, 2018 of the Government on providing for provincial-government debt management, within that, issuing municipal bonds is one type of borrowing funds of the provincial government.
The scheme for issuance of municipal bonds must include: Quantity of bonds to be issued; Bond term which must be at least 01 year; Bond's face value which is VND 100,000 or its multiple; Currency which is VND; Planned time and method of issuance of municipal bonds…
The issuance of municipal green bonds must conform to regulations on issuance of municipal regular bonds, and Provincial People's Committee must report the list of projects using funds from issuance of municipal green bonds as regulated by the Ministry of Finance.
This Decree takes effect on July 01, 2018.
