On March 5, 2023, the Government issued Decree 08/2023/ND-CP amending, supplementing, and suspending the implementation of a number of articles in the Decrees regulating the offering and trading of corporate bonds. individual businesses in the domestic market and offering corporate bonds to the international market. Which, Decree 08/2023/ND-CP has an adjustment on the extended term of bonds.
=> See more: Signing labor contracts in administrative agencies, public non-business units
In the revised Decree 08/2023/ND-CP on the change of conditions and terms of bonds are specified in Decree 65/2022/ND-CP, according to which the change of conditions and terms of bonds Votes must meet the following principles:
1. Comply with the regulations on conditions, conditions and terms of the bonds issued in Decree 65/2022/ND-CP;
2. In case of extension of the bond's term, the maximum period shall not exceed 02 years compared with the term in the bond issuance plan announced to investors;
3. For bondholders who do not agree to change the bond's terms and conditions, the issuing enterprise shall negotiate to ensure the interests of investors. In case any bondholder does not accept the negotiation plan, the enterprise must fulfill all obligations towards the bondholder according to the bond issuance plan announced to investors (including the securities market). in case the change of terms and conditions of bonds has been approved by bondholders representing 65% or more of the total number of bonds).
Photo 1. Enterprise are extended bond terms of maximum no more than 02 years_Hotline: 0972118764
Previously, in Decree 65/2022/ND-CP, enterprises were not allowed to change the term of issued bonds. But according to new regulations in Decree 08/2023/ND-CP, enterprises can extend the term of bonds, the maximum time is not more than 02 years compared to the term in the bond issuance plan announced. for investors.
Decree 08/2023/ND-CP takes effect from March 5, 2023.
=> See more: 06 new regulations on social insurance benefits from February 15, 2023
Photo 2. Free legal advice_ Hotline: 097 211 8764
Socio-Economic General Department – TLK Law Firm
According to thuvienphapluat.vn
Dear readers, in addition to providing our readers with useful intellectual information about economic, cultural, and social life, TLK Law Firm is also an organization providing legal services; professional accounting – tax, and trade promotion with many years of experience.
With the desire to carry out social responsibility, in case you need advice on legal issues, please contact us at the hotline: 097 211 8764 to be consulted directly by a lawyer (consultation is completely free).
