BOND-ISSUING CORPORATION MAY DISCLOSE INFORMATION ONLY 3 DAYS IN ADVANCE FROM SEPTEMBER 01
The Government issues the Decree No. 81/2020/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 163/2018/ND-CP of December 04, 2018, on the issuance of corporate bonds on July 09, 2020.
According to new provisions, a bond-issuing corporation may carry out the information disclosure to investors that have registered to purchase bonds and send information contents to be disclosed to the related Stock Exchange at least 03 working days before the expected date of issuance of corporate bonds, instead of 10 working days as provided in previous provisions.
Besides, for the initial issuance and subsequent bond issuance, a corporation issuing bonds at multiple times is only required to carry out the information disclosure before at least 03 working days ( as in previous regulations, such period was 10 days).
The Government also adds 01 type of document required when submitting dossier of issuance of corporate bonds: A bond purchase contract, including the investor’s commitment on its/his/her full access to the disclosed information before the bond issuance, and clear understanding of risks of bond purchase.
This Decree takes effect on September 01, 2020.
