PAR VALUE OF A VALUABLE PAPER IS A MULTIPLE OF VND 100,000
The Circular No. 01/2021/TT-NHNN prescribing the domestic issuance of promissory notes, treasury bills, deposit certificates and bonds by credit institutions and foreign bank branches is issued on March 31, 2021 by the State Bank of Vietnam.
Accordingly, par value of a valuable paper is VND 100,000 or a multiple of VND 100,000. Par value of a valuable paper (except bonds) issued in the form of a certificate shall be pre-printed or agreed upon between an issuing credit institution or foreign bank branch and a purchaser. Par value of a bond issued in the form of a certificate shall be pre-printed on such bond.
Besides, the Circular also stipulates that a promissory note, treasury bill or deposit certificate issued in the form of a certificate or a certificate of ownership over promissory note, treasury bill or deposit certificate must have the following contents: Issuer’s name; Name of the promissory note, treasury bill or deposit certificate; Code and issuance serial number; Par value, term to maturity, date of issuance and maturity date; etc.
This Circular takes effect on May 17, 2021.
