The Ministry of Finance proposes to amend regulations on private corporate bond issuance


The draft revised Decree has a number of notable contents, including the amendment of regulations on the purpose of bond issuance in order to strengthen the responsibilities and obligations of the issuer in using the proceeds from the bond issuance. issue bonds for the right purposes.

The Ministry of Finance also proposed to supplement regulations on credit ratings for some types of issued bonds to increase publicity and transparency, contributing to improving the quality of issued bonds.

The Ministry of Finance is collecting opinions on the draft Decree amending and supplementing a number of articles of Decree No. 153/2020/ND-CP on private placement of corporate bonds.

In addition, the draft supplements regulations on representative of bondholders; How to identify professional stock investors. Along with that, the draft also adds regulations to accelerate the establishment of a separate corporate bond trading market at the Stock Exchange for professional securities investors to increase liquidity.

The draft also proposes amending a number of regulations on the time limit and content of information disclosure in order to overcome the recent shortcomings, and at the same time, enhance the transparency of bond issuers and the use of securities. use capital to issue corporate bonds.

Along with completing the legal framework, the Ministry of Finance continues to direct the State Securities Commission and functional units to strengthen the management, supervision, and deployment of inspection teams to inspect the issuance of securities. bonds of real estate enterprises, credit institutions related to real estate enterprises, enterprises with large issuance volume, high interest rates, enterprises with loss-making business results, The issuer has no collateral.

Le Kim Lien

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