red-check New regulations on conditions for issuance of corporate bonds

Decree No. 153/2020/ND-CPstatus2 dated December 31st, 2020 of the Government on prescribing private placement and trading of privately placed corporate bonds in domestic market and offering of corporate bonds in international market
Posted: 4/1/2021 7:30:18 AM | Latest updated: 6/3/2023 4:18:42 PM (GMT+7) | LuatVietnam: 5122 | Vietlaw: 496

This Decree provides for conditions and procedures for offering of corporate bonds (of joint-stock companies or limited liability companies) in the domestic and international markets.

In comparison with the earlier regulations, this Decree removes some conditions for offering non-convertible bonds without warrant (ratio of outstanding debt to corporate bonds, hiring consultancy organization for providing consultancy on bond issuance dossiers; minimum operating period of issuer, etc.)

However, according to the new regulations, there is an interval of at least 06 months between two offerings of convertible bonds or warrant-linked bonds.

Regarding offering of bonds in international market, this Decree supplement the requirement according to which it is required to meet the ratio of holding by foreign investors upon conversion of bonds into shares and execution of warrants.

This Decree takes effect from January 1st, 2021. To replace Decree No. 163/2018/ND-CPstatus1 dated December 4th, 2018 and Decree No. 81/2020/ND-CPstatus1 dated July 9th, 2020.

Amendement notes
  • Please be informed that the attached forms are neither translated nor included in the English file.
  • See more the amendments, supplements at Decree No. 65/2022/ND-CPstatus2 dated September 16th, 2022.
  • See more the amendments, supplements to clause 3 Article 34 of this Decree at Decree No. 08/2023/ND-CP dated March 5th, 2023.


Effective Date 1-Jan-2021
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 496

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Penalty document

red-check 156/2020/NĐ-CPNew regulations on penalties for administrative violations against regulations on securities


Trái phiếu doanh nghiệpCập nhật đến: 3-Jul-2023