Chương 6 Nghị định 52/2006/NĐ-CP: Thanh toán gốc, lãi trái phiếu

Chapter VI

PAYMENT OF BOND PRINCIPALS AND INTERESTS

Article 44.- Sources for payment of bond principals and interests

1. Bond-issuing organizations shall be responsible for arranging sources for payment of bond principals and interests to bondholders from the basic depreciation sources of investment projects and other lawful capital sources of enterprises.

2. For secured bonds, when issuing organizations cannot balance the source for payment, security assets shall be sold for payment of debts upon maturity.

In case the payment of bonds is underwritten by financial or credit institutions, these institutions shall have to arrange sources of capital for payment of debts to bondholders. Issuing organizations shall be obliged to acknowledge debts and pay them to payment underwriting organizations or a third party according to the committed conditions.

Article 45.- Organization of payment of bond principals and interests

1. Issuing organizations may directly pay bond principals and interests to bondholders or mandate qualified financial or credit institutions to do so.

2. Issuing organizations and payment agents may commit to advance payment agents' capital for paying bond principals and interests to bondholders. Issuing organizations shall have to refund the advanced capital to payment agents and pay capital use fees for the late refund as contracted between these organizations.

3. Charges for payment of bond principals and interests shall be included in bond issuance expenses and accounted as business costs or into the value of projects funded with the proceeds from the issuance of bonds.