Circular No. 132/2010/TT-BTC amends and supplements the Regulation on the issuance of Government bonds in large lots. The main contents include the time and volume of bond issuance, fixed nominal interest rate, and the term of the bonds.
핵심 사항
- Large lot bonds with terms of three years or more
- Issuance period: For three-year bonds, the maximum issuance period is not more than 180 days; for five-year or longer bonds, the maximum issuance period is not more than 365 days
- Issuance volume: Minimum is one trillion VND, the volume of each issuance is decided by the State Treasury
- Fixed nominal interest rate, payable annually or semi-annually
- The winning bid interest rate for large lot bonds is determined within the ceiling interest rate set by the Ministry of Finance
🌐 이 문서의 사회적 영향
- Positive impact: Enhances flexibility and efficiency in the issuance process of Government bonds, meeting the capital-raising needs of the state budget.
- Negative impact: May cause difficulties for financial organizations in complying with new regulations on issuance time and volume.
❓ 자주 묻는 질문
What is the maximum issuance period for large lot bonds?
For three-year bonds, the maximum issuance period is not more than 180 days; for five-year or longer bonds, the maximum issuance period is not more than 365 days (Article 1).
What is the minimum issuance volume for large lot bonds?
The minimum issuance volume is one trillion VND (Article 2).
How is the fixed nominal interest rate of large lot bonds determined?
The fixed nominal interest rate of large lot bonds is determined based on the winning bid interest rate at the initial auction session according to the Government bond auction mechanism (Article 9).
Can large lot bonds be paid interest annually or semi-annually?
Large lot bonds can be paid interest annually or semi-annually (Article 8).
Who determines the ceiling interest rate for large lot bonds?
The winning bid interest rate for additional issuance sessions of large lot bonds is decided by the Director General of the State Treasury within the ceiling interest rate set by the Ministry of Finance (Article 9).
전문
CIRCULAR
Amending and supplementing Decision No. 46/2006/QĐ-BTC dated September 6, 2006
of the Minister of Finance promulgating the Regulation on the issuance of Government bonds in large lots
trái phiếu Chính phủ theo lô lớn
_____________________
Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government on the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 141/2003/NĐ-CP dated November 20, 2003 of the Government on the issuance of Government bonds, Government-guaranteed bonds, and local government bonds;
The Ministry of Finance amends and supplements certain provisions of the Regulation on the issuance of Government bonds in large lots promulgated together with Decision No. 46/2006/QĐ-BTC dated September 6, 2006 of the Minister of Finance as follows:
Article 1. Amending and supplementing certain contents of the Regulation on the issuance of Government bonds in large lots promulgated together with Decision No. 46/2006/QĐ-BTC dated September 6, 2006 of the Minister of Finance as follows:
1. Amend Article 5 as follows:
"1. The issuance period for a large lot of three-year maturity Government bonds shall not exceed 180 days from the first issuance date.
2. The issuance period for a large lot of five-year or longer maturity Government bonds shall not exceed 365 days from the first issuance date."
2. SỬA ĐỔI ĐIỀU 6 NHƯ SAU:
"1. The issuance volume of a large lot of Government bonds shall be at least one thousand (1,000) billion Vietnamese dong.
2. The issuance volume per tranche shall be determined by the State Treasury in accordance with the capital-raising needs of the state budget and market conditions, ensuring that the total issuance volume of Government bonds in large lots meets the minimum level specified in Clause 1 of this Article."
3. Amending Article 8 as follows:
"The term of large lot Government bonds shall be three years or more."
4. Amend Article 9 as follows:
"1. Large lot Government bonds shall have a fixed nominal interest rate, payable annually or semi-annually.
2. The fixed nominal interest rate of large lot Government bonds shall be determined based on the auction-winning interest rate of Government bonds at the initial issuance session under the Government bond auction mechanism.
3. The auction-winning interest rate of large lot Government bonds at subsequent issuance sessions shall be decided by the Director-General of the State Treasury within the ceiling interest rate set by the Ministry of Finance."
Article 2. Implementation
1. This Circular takes effect from the date of signature.
2. The Director-General of the State Treasury, the Head of the Department of Banking and Financial Institutions' Finance, and the Heads of units related to and subordinate to the Ministry of Finance are responsible for implementing this Circular.
3. In case of any difficulties during implementation, the relevant units are requested to promptly report to the Ministry of Finance for study and resolution./.
DEPUTY MINISTER
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