Headlines 09/03/2023 17:14 CH

03 provisions of Vietnamese Government’s Decree No. 65/2022/ND-CP on bonds suspended until the end of 2023

Ngọc Duy

This is a content of Decree No. 08/2023/ND-CP amending and suspending certain Articles of Decrees prescribing private placement and trading of privately placed corporate bonds in domestic market and offering of corporate bonds in international market.

According to the Decree, the following provisions of Decree No. 65/2022/ND-CP 03 shall be suspended until the end of 2023:

- Identification of professional investors which are individuals prescribed in Point d Clause 1 Article 8 of Decree No. 153/2020/ND-CP, which is amended by Clause 6 Article 1 of Decree No. 65/2022/ND-CP;

- Period for distribution of bonds which are offered in each offering wave prescribed in Clause 7 Clause 8 Article 1 of Decree No. 65/2022/ND-CP;

- The report on credit rating of issuers prescribed in Point e Clause 2 Article 12 of Decree No. 153/2020/ND-CP, which is amended by Clause 9 Article 1 of Decree No. 65/2022/ND-CP.

Besides, Decree No. 08/2023/ND-CP also amends Clause 3 Article 34 of Decree No. 153/2020/ND-CP and Point b Clause 3 Article 3 of Decree No. 65/2022/ND-CP.

Bond offerings for which the disclosed information has been sent to the Stock Exchange before the day on which Decree No. 08/2023/ND-CP comes into force and the distribution of bonds has not been completed shall comply with the provisions in Clause 7 and Clause 8 Article 1 of Decree No. 65/2022/ND-CP.

Decree No. 08/2023/ND-CP comes into force from March 05, 2023.

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