On 4 December 2018, the Government issued a new Decree 163/2018/ND-CP (Decree 163) on private placements of corporate bonds effective from 1 February 2019 which replaced Decree 90/2011/ND-CP.
On one hand, this newly issued Decree 163 removes a number of strict statutory requirements in the old regime for companies to issue bonds such as years of operation, profitability, non-qualifications by auditors on audited financial statements and the issuer’s inability to issue international bonds to refinance existing VND debts. On the other hand, Decree 163 improves the disclosure regime and introduces a centralised database for corporate bonds.
Our speakers are top-tier banking and capital markets lawyers, and will provide an update on latest Vietnam legal developments affecting long-term debt offerings in Vietnam and in the international capital markets, including an explanation of the structure and terms of a bond issue, the forms and types of bonds, the role of advisers in those debt securities transactions, debt prospectus/offering circular, listing requirements and key areas of corporate issuers’ continuing obligations (including disclosure requirements), clearing and settlement of debt securities.
The presentation will also discuss the relaxation of corporate bonds requirements under Vietnamese law, particularly key differences between the old regime and the newly issued Decree 163.
Further details of this EuroCham event can be found here:
Hoang Le Hang
Business Development Manager
Tel: +84 24 3971 0888