Headlines 26/11/2021 22:53 CH

Conditions for trades in corporate bonds with credit institutions are ready for use

Kim Thi

On November 10, 2021, the SBV’s Governor promulgates the Circular No. 16/2021/TT-NHNN dealing with trades in corporate bonds involving credit institutions and foreign bank branches.

According to this document, corporate bonds can be traded when meeting the following requirements:

- The traded bonds are corporate bonds issued as per law.

- Value of the traded bonds is denominated in Vietnamese dong.

- The traded bonds are under the legal ownership of sellers; principal and interest payments on the traded bonds are not due yet; sellers of the traded bonds ensure that the traded bonds are not in dispute, permitted for trades under law, or not traded under forwards, at a discount or rediscount.

(Except when credit institutions buy IPO bonds).

The Circular No. 16/2021/TT-NHNN is entering into force as of January 15, 2022 as a replacement for the Circular No. 22/2016/TT-NHNN dated June 30, 2016 and the Circular No. 15/2018/TT-NHNN dated June 18, 2018.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

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