On September 16, 2020, the State Bank of Vietnam (SBV) issued Decision No. 1660/QD-NHNN approving the Plan of Lien Viet Post Commercial Joint-Stock Bank (LienVietPostBank) to issue bonds to the public in 2020.
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Accordingly, the SBV Governor has approved the plan of LienVietPostBank to issue bonds with the following contents: (i) The maximum total par value is 3,000 billion VND (Three trillion Vietnamese dongs); (ii) The bond name, maturities, mode of issuance, locations of issuance, and means of issuance shall be in line with the Plan of issuing bonds to the public in 2020 dated June 18, 2020 of LienVietPostBank; (iii) The bond interest rates shall be decided by LienVietPostBank in accordance with the current regulations on interest rates of the SBV in different phases, and shall comply with the provisions of the Securities Law, the guiding documents for the Securities Law; (iv) The buyers of the bonds can be Vietnamese citizens and organizations, as well as foreign organizations and individuals. The first buyers of the bonds issued by LienVietPostBank on the primary market may not include credit institutions, foreign bank branches, or any subsidiary of a credit institution.
When issuing bonds to the public, LienVietPostBank is required to comply with the provisions of the Securities Law and other relevant laws.
This Decision took effect from the date of its signing.
VA