What are regulations on face value trực tiếp bóng đá k+ a bond offered in the Vietnam market in 2023?

What are regulations on face value trực tiếp bóng đá k+ a bond offered in the Vietnam market in 2023?

Pursuant to Clause 4 Article 6 trực tiếp bóng đá k+ the Decree 153/2020/NĐ-CP (amended by Clause 4 Article 1 trực tiếp bóng đá k+ the Decree 65/2022/NĐ-CP) stipulating ace value trực tiếp bóng đá k+ a bond offered in the domestic market in Vietnam in 2023 as follows:

Fundamental terms and conditions trực tiếp bóng đá k+ bonds

1. Bond term: decided by the issuer in each offering based on its demands for funds.

2. Quantity trực tiếp bóng đá k+ bonds issued: decided by the issuer in each offering based on its demands for funds.

3. Currency used in issuance and payment for bonds

a) The currency used in issuance and payment trực tiếp bóng đá k+ bond principals and interests trực tiếp bóng đá k+ bonds offered in the domestic market is Vietnamese dong (VND).

b) The currency used in issuance and payment trực tiếp bóng đá k+ bond principals and interests trực tiếp bóng đá k+ bonds offered in the international market is a foreign currency according to regulations adopted in the issuing market and regulations on foreign exchange management.

4. Face value:

a) Face value trực tiếp bóng đá k+ a bond offered in the domestic market is VND 100.000.000 (one hundred million) or a multiple trực tiếp bóng đá k+ VND 100.000.000 (one hundred million).

b) Face value trực tiếp bóng đá k+ a bond offered in the international market shall comply with regulations adopted in the issuing market.

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Pursuant to Clause 2 Article 1 trực tiếp bóng đá k+ the Decree 153/2020/NĐ-CP stipulating as follows:

Scope

1. This Decree deals with the private placement and trading trực tiếp bóng đá k+ privately placed corporate bonds in the territory trực tiếp bóng đá k+ the Socialist Republic trực tiếp bóng đá k+ Vietnam and the offering trực tiếp bóng đá k+ corporate bonds in international market.

2. This Decree shall not apply to the public offering and trading trực tiếp bóng đá k+ corporate bonds in the domestic market in accordance with the Law on Securities No. 54/2019/QH14.

As regulations above, face value trực tiếp bóng đá k+ a bond offered in the domestic market is VND 100.000.000 (one hundred million) or a multiple trực tiếp bóng đá k+ VND 100.000.000 (one hundred million).

Note:This Decree shall not apply to the public offering and trading trực tiếp bóng đá k+ corporate bonds in the domestic market.

Who are eligible bond buyers in the domestic market in Vietnam?

Pursuant to Clause 1 Article 8 trực tiếp bóng đá k+ the Decree 153/2020/NĐ-CP (amended by Clause 6 Article 1 trực tiếp bóng đá k+ the Decree 65/2022/NĐ-CP) stipulating feligible bond buyers in the domestic market in Vietnam in 2023 as follows:

+ Buyers trực tiếp bóng đá k+ non-convertible bonds without warrant are professional investors as defined in the Law on securities.

+ Buyers trực tiếp bóng đá k+ convertible bonds and warrant-linked bonds are professional investors and strategic investors trực tiếp bóng đá k+ which the number trực tiếp bóng đá k+ strategic investors trực tiếp bóng đá k+ an issue is limited to 100.

+ Professional investors are investors that have financial capacity or securities qualifications as prescribed in Article 11 trực tiếp bóng đá k+ the Law on securities. Organizations shall identify professional investors and obtain documents serving identification trực tiếp bóng đá k+ professional investors as prescribed in Article 4 and Article 5 trực tiếp bóng đá k+ the Government’s Decree No. 155/2020/ND-CP dated December 31, 2020 on elaboration trực tiếp bóng đá k+ some articles trực tiếp bóng đá k+ the Law on securities and its amending or superseding documents (hereinafter referred to as “Decree No. 155/2020/ND-CP”), except the identification trực tiếp bóng đá k+ professional investors prescribed in Point d trực tiếp bóng đá k+ this Article.

+ An individual that is identified as a professional investor as prescribed in Point d Clause 1 Article 11 trực tiếp bóng đá k+ the Law on Securities shall be eligible to buy privately placed bonds if he/she holds a quantity trực tiếp bóng đá k+ listed or registered securities, excluding securities borrowed to conduct margin transactions and those trực tiếp bóng đá k+ repo transactions, trực tiếp bóng đá k+ which the daily average price determined in a minimum period trực tiếp bóng đá k+ 180 consecutive days preceding the date on which he/she is identified as a professional investor shall not be lower than VND 02 billion. The certification trực tiếp bóng đá k+ a professional investor status as prescribed in this Point shall be valid for 03 months from the date trực tiếp bóng đá k+ certification.

What are rights and obligations trực tiếp bóng đá k+ bond buyers in the domestic market in Vietnam?

Pursuant to Clause 2 and 3, Article 8 trực tiếp bóng đá k+ the Decree 153/2020/NĐ-CP (amended by Clause 6 Article 1 trực tiếp bóng đá k+ the Decree 65/2022/NĐ-CP) stipulating eligible bond buyers in the domestic market in Vietnam in 2023 as follows:

- Responsibilities trực tiếp bóng đá k+ bond buyers

+ Fully access the information disclosed by the issuer; have a thorough grasp trực tiếp bóng đá k+ terms and conditions trực tiếp bóng đá k+ bonds, and other commitments trực tiếp bóng đá k+ the issuer before deciding to buy and trade bonds.

+ Clearly understand risks that may occur during investment and trading trực tiếp bóng đá k+ bonds; clearly understand and ensure compliance with regulations on eligible bond buyers, and trading trực tiếp bóng đá k+ privately placed corporate bonds in accordance with regulations herein and relevant laws.

+ Self-assess and assume responsibility for their investment decisions as well as incur any risks which may occur during investment and trading trực tiếp bóng đá k+ bonds. The State provides no guarantee that the issuer will make full and timely payment trực tiếp bóng đá k+ bond principal and interest amounts when they become due, and exercise other rights for bondholders.

+ Before buying bonds (both in primary market and secondary market), each investor must sign a written certification trực tiếp bóng đá k+ compliance with the provisions trực tiếp bóng đá k+ Points a, b and c trực tiếp bóng đá k+ this Clause, and shall assume responsibility for its decision to buy bonds after signing the certification. The written certification shall be made using the form in Appendix V enclosed herewith, and shall be kept together with the bond offering dossier or by the securities company where the investor conducts bond transactions in accordance with regulations trực tiếp bóng đá k+ law.

+ Conduct bond transactions according to the provisions trực tiếp bóng đá k+ Article 16 trực tiếp bóng đá k+ this Decree; not sell bonds to or make joint investment in bonds with investors that are not professional investors in any forms. Capital mobilization and purchase/investment in corporate bonds by credit institutions, FBBs and fund management companies shall comply with specialized laws.

+ When selling bonds in the secondary market, provide bond buyers with adequate information which has been disclosed by the issuer as prescribed in this Decree.

- Rights and benefits trực tiếp bóng đá k+ bond buyers

+ Access adequate information disclosed by the issuer as prescribed in this Decree, and bond offering dossiers as requested.

+ Receive full and timely payments trực tiếp bóng đá k+ bond principal and interests when they become due, and perform other corporate actions (if any) under terms and conditions trực tiếp bóng đá k+ bonds and as agreed upon with the issuer.

+ Request the issuer to redeem bonds before maturity as prescribed in Clause 3 Article 7 trực tiếp bóng đá k+ this Decree.

+ When buying bonds in the secondary market, request bond sellers to provide adequate information which has been disclosed by the issuer as prescribed in this Decree.

Best regards!