Registration procedure for international bond issuance from September 15, 2022

On July 29, 2022, the State Bank of Vietnam issues the Circular No. 10/2022/TT-NHNN guiding the foreign exchange control for issuing bonds into the international market for enterprises not guaranteed by the Government.

Article 7 of this Circular prescribes the registration procedure for international bond issuance as follows:

- Before offering bonds:

  • When the plan of international bond issuance is approved, issuing organization submits 01 dossiers in accordance with Article 6 of this Circular (except Clause 8, 9, 10) to the Foreign Exchange Administration of the State Bank of Vietnam within 20 working days before offering bonds.
  • The State Bank of Vietnam shall confirm or refuse the issuance limit within 08 working days after receiving valid dossiers.
Registration procedure for international bond issuance
Registration procedure for international bond issuance from September 15, 2022 (Illustration)
 

- Before offering bonds: Issuing organizations submit components of the dossier prescribed in Clause 8, 9 and 10, Article 6 of this Circular.

- Time for the procedure:

  • The State Bank of Vietnam shall check the completeness and validity of the dossier within 10 working days after receiving valid dossiers. 
  • The State Bank of Vietnam shall confirm the registration of international bond issuance within 02 working days after receiving valid dossiers.
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