7 CASES WHERE REGISTRATION FOR CHANGE OF INTERNATIONAL BOND ISSUANCE IS NOT REQUIRED
The State Bank of Vietnam promulgates the Circular No. 10/2022/TT-NHNN guiding the foreign exchange management regarding the issuance of bonds to international market by enterprises not entitled to government guarantee on July 29, 2022.
Accordingly, the issuing organization shall only notify in writing (by postal service or sending directly) to the State Bank (the Department of Foreign Exchange Management), without registering for change in 7 cases, including change in the time of capital withdrawal, principal payment within 10 working days compared to the plan approved by the State Bank; change in address of the issuing organization; change in the trade name of the banks providing account services where the issuing organization opens foreign loan or payment accounts, etc.
Also in accordance with this Circular, grounds for consideration and certification of registration for international bond issuance include: The value of the international bond issuance must be within the total annual limits of external commercial loans by the mode of self-borrowing and self-payment that are approved by the Prime Minister; The issuing organization must fully comply and satisfy current regulations on conditions for foreign loans, foreign exchange management for foreign borrowing and payment without government guarantee, and current laws on offering of corporate bonds to international market.
This Circular takes effect on September 15, 2022.
