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Request the securities company to check the issuance of corporate bonds

The State Securities Commission (SSC) has just requested securities companies to continue to strengthen inspection, supervision and correction of issuance, investment and service provision activities in the corporate bond market. single.

Accordingly, for the consulting contracts being implemented, the SSC requires the units to review the entire dossier of the enterprise, the quality of the supplied dossier components, especially the financial statements, documents evidencing the purpose of using capital from the bond issuance, security documents to request the enterprise to re-disclose information to the Hanoi Stock Exchange before issuance.

With regard to the organization of bidding, underwriting, bond issuance agency, securities companies must fully and accurately disclose information of enterprises and bonds issued to investors according to the plan and approved disclosure. Units only offer bonds to investors who are eligible to buy bonds. In case of providing inaccurate, incomplete information and soliciting the wrong object, the violation will be sanctioned according to the provisions of law.

In particular, the State Securities Commission requires the units to review all corporate bonds being registered and deposited in terms of bond volume, principal and interest payment, quantity and type of investors holding bonds. votes as of April 15 and, reported to the Hanoi Stock Exchange before May 5.

According to statistics in 2021, mobilizing corporate bonds is more than 700,000 billion VND, of which 44% is related to the real estate sector. Facing the situation of bond offering and issuance, which has many holes, and risks for investors and the financial system, Finance Minister Ho Duc Phuc said he would soon submit to the Government to amend Decree 153 on offer and trade corporate bonds privately in the domestic market and offer to sell corporate bonds in the international market.

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