Decision No. 505/QD-BTC stipulates the issuance of Government Bonds in foreign currency for the first tranche in 2009, including information on volume, term, face value, time, and method of issuance. This document aims to invest in key projects and offset the government budget deficit.
Đối tượng áp dụng
Director General of the State Treasury, Chairman of the Securities Commission, Head of the Banking and Financial Institutions Finance Department, Heads of units under and directly affiliated with the Ministry of Finance
Các điểm cốt lõi
- Issuing Government Bonds denominated in US dollars with a total volume of each term being 100 million USD.
- The issuance period is from March 18, 2009 to March 30, 2009, using the tender method at the Hanoi Stock Exchange based on par value.
- Participants in the tender are members participating in bond tenders at the Hanoi Stock Exchange.
- The interest rate on the bonds is fixed, with the ceiling interest rate set by the Minister of Finance, and winning bids are determined based on the tender results.
- Bondholders have the right to transfer, gift, inherit, or pledge their bonds in accordance with the law.
🌐 Tác động xã hội từ văn bản này
- To create capital for key projects and offset the government budget deficit.
- To provide new investment opportunities for financial institutions participating in the tender.
- To contribute to macroeconomic stability through the management of foreign currency flows.
- To strengthen the market for Government Bonds in foreign currency, promoting the development of the financial system.
❓ Câu hỏi thường gặp
When was the issuance period for the first tranche of Government Bonds in foreign currency in 2009?
From March 18, 2009 to March 30, 2009.
What is the issuance volume of the first tranche of Government Bonds in foreign currency in 2009?
Each term (1, 2, and 3 years) is 100 million USD.
Who can participate in the tender for Government Bonds in foreign currency?
Members participating in bond tenders at the Hanoi Stock Exchange.
Who sets the ceiling interest rate for Government Bonds in foreign currency?
It is set by the Minister of Finance.
What rights do bondholders have over the bonds?
Bondholders have the right to transfer, gift, inherit, or pledge their bonds in accordance with the law.
Toàn văn
|
MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
|
Number: 505/QD-BTC |
Hanoi, March 12, 2009 |
Pursuant to …;
Regarding the Issuance of Government Bonds in Foreign Currency for the First Tranche in 2009
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THE MINISTER OF FINANCE
Pursuant to the Foreign Exchange Decree dated December 13, 2005;
Pursuant to Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decree No. 141/2003/ND-CP dated November 20, 2003 of the Government on the issuance of government bonds, government-guaranteed bonds, and local government bonds;
Pursuant to Decision No. 211/QD-TTg dated February 13, 2009 of the Prime Minister on the issuance of government bonds in foreign currency in the domestic capital market;
Based on the proposal of the Director of the Department of Banking and Financial Organization Finance and the General Director of the State Treasury,
DECISION:
Article 1. The issuance of government bonds in foreign currency for the first tranche in 2009 for investment in key projects and to offset the budget deficit of the State Budget shall be carried out as follows:
1. Bonds will be issued, listed, traded, and settled in US dollars (USD).
2. Volume and term of bonds
- Type of bond with a term of 1 year: 100 million USD.
- Type of bond with a term of 2 years: 100 million USD.
- Type of bond with a term of 3 years: 100 million USD.
3. Face value of the bond: 100 USD per bond or multiples thereof.
4. Issuance period: from March 18, 2009 to March 30, 2009.
5. Issuance method: auction at the Hanoi Stock Exchange in par value form.
6. Auction participants: members participating in bond auctions at the Hanoi Stock Exchange.
7. Form of bond: book-entry form.
8. Interest rate of the bond:
- Fixed interest rate applicable throughout the term.
- Bid interest rate is calculated as a percentage (%) with a maximum of two decimal places.
- Ceiling interest rate: determined by the Minister of Finance.
- Winning bid interest rate is determined based on the auction results.
9. Principal and interest payment method:
- Bond interest is paid annually on the issue date.
- Bond principal is repaid once at face value upon maturity.
10. Some information about the bond
- Bonds will be listed and traded on the Hanoi Stock Exchange.
- Bondholders may transfer, gift, inherit, or use them as collateral in credit relationships according to the provisions of the law.
- Bondholders must declare and pay taxes on bond interest according to current laws.
11. The State Budget guarantees the source of principal and interest payments when due.
Article 2. The General Director of the State Treasury is tasked with organizing the issuance of government bonds in foreign currency according to the funding needs of key projects and the expenditure requirements of the State Budget.
Article 3. The Chairman of the Securities Commission is tasked with guiding the listing, trading, and custody of government bonds in foreign currency.
Article 4. This Decision takes effect from the date of signature.
The General Director of the State Treasury, the Chairman of the Securities Commission, the Director of the Department of Banking and Financial Organization Finance, and the heads of relevant units under and affiliated with the Ministry of Finance are responsible for implementing this Decision.
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Place of Receipt: |
THE MINISTER |
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