Recently, on September 16, 2022, the Government issued Decree 65/2022/ND-CP amending Decree 153/2020/ND-CP regulating the offering and trading of individual corporate bonds in the domestic market and offering corporate bonds to the international market. In Decree 65/2022/ND-CP, additional cases of early redemption of private corporate bonds have been added.
Accordingly, Decree 153/2020/ND-CP only stipulates that the issuer can buy back before maturity or swap according to an agreement with bond owners to reduce debt and restructure bond debt. Amendments in Decree 65/2020/ND-CP on cases of early bond redemption include:
Picture 1: Cases of buying private corporate bonds before the term_Hotline: 0972118764
Case 1: Early redemption according to the agreement between the issuer and the bondholder.
Case 2: Compulsory redemption at the request of the investor when:
- The issuer violates the law on offering, selling, and trading corporate bonds under a decision of a competent authority, and such violation cannot be remedied or the remedy is not approved by the number of bondholders representing 65% or more of the total number of bonds of the same type in circulation.
- The issuer violates the bond issuance plan but such violation cannot be remedied or the remedy is not approved by the number of bondholders representing 65% or more of the total number of bonds of the same type in circulation.
- Other cases specified in the bond issuance plan specified in Decree 153/2020/ND-CP (if any).
Picture 2: Cases of buying private corporate bonds before the term_Hotline: 0972118764
Decree 65/2022/ND-CP takes effect from September 16, 2022.
Picture 3. Free legal advice_ Hotline: 097 211 8764
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