THE MINISTRY OF FINANCE GUIDES THE ISSUANCE OF CORPORATE BONDS
On August 14, 2020, the Ministry of Finance issues the Circular No. 77/2020/TT-BTC on guiding a number of provisions of the Government’s Decree No. 81/2020/ND-CP of July 09, 2020, amending and supplementing a number of articles of the Government’s Decree No. 163/2018/ND-CP of December 04, 2018, on issuance of corporate bonds.
Specifically, the Ministry of Finance guides 03 contents on issuance of corporate bonds, including: Information disclosure regime of bond-issuing enterprises; Regime of information disclosure on bulletins on corporate bonds; Reporting regime of Stock Exchanges, corporate bond issuance counseling institutions and bond depository institutions.
Accordingly, enterprises issuing bonds in the domestic market disclose information before every bond issuance to investors registering to purchase bonds and send disclosed information to the Hanoi Stock Exchange in accordance with Clauses 9 and 11, Article 1 of Decree No. 81/2020/ND-CP.
In addition, the regular information disclosure shall be carried out on a fiscal-year basis, specifically as follows: Within 60 days from the last day of the first 6 months of a fiscal year, an enterprise shall carry our biannual regular information disclosure; Within 90 days from the last day of a fiscal year, an enterprise shall carry out annual information disclosure.
This Circular takes effect on September 28, 2020.
