Adjusting the issuance and investment of privately-issued corporate bonds

Minister of Finance Ho Duc Phuc has just issued a Directive on inspection, supervision and correction of issuance, investment and service provision activities in the private-issued corporate bond market.

According to the Directive, the Minister of Finance requested the Banking and Finance Department, the State Securities Commission and related units to urgently complete regulations related to the offering and trading of corporate bonds.

In addition, inspecting the issuance, transaction, and service provision of corporate bonds. If through inspection, it is found that enterprises do not comply with regulations on information disclosure and issuance of corporate bonds, depending on the nature and seriousness of their violations, they will be administratively sanctioned in the field of securities and securities. securities market, relevant regulations of law, or commit fraud, show signs of appropriating investors’ assets, immediately transfer to the police agency for handling according to the provisions of law.

At the same time, review the implementation of periodical information disclosure of the issuers, the implementation of the reporting regime of service providers; review, update data and perfect the database system on the issue, repurchase, original paymentinterest, outstanding balance, transaction, transfer of individual corporate bonds.

For consulting organizations bond offering documentsthe Minister requested a close review to ensure that the issuer fully meets the conditions for the bond offering and the bond offering documents as prescribed.

The Department of Price Management shall rectify the activities of valuation organizations and appraisers to comply with legal regulations on appraisal of prices, and ensure appraisal quality when providing appraisal services. price; which includes Valuation of the secured assets of the enterprise release corporate bonds.

In particular, continue to actively propagate information and provide official information; recommendations, early warning of risks for investors, ensuring stable market sentiment.

For investors, when buying bonds, they must have full access to the information disclosure content of the issuer, brokerage organization, bond distributor, understand clearly about bond terms and conditions, purpose issuer, information on collateral, commitments of the issuer, guarantor organization, bond distribution, financial position of the issuing enterprise.

At the same time, investors must self-assess, take responsibility for investment decisions and bear all risks arising in investment and bond trading, do not buy bonds through offers of organizations. provide services such as securities companies, commercial banks without carefully researching.