Decree on Government Bonds
关于政府债券的法令
ດຳລັດ ວ່າດ້ວຍພັນທະບັດລັດຖະບານ
Summary
This government decree stipulates principles, regulations, and measures for the issuance, sale, repayment, management, and supervision of government bonds, to raise funds domestically and internationally for national economic and social development.
Articles
Article 1
Purpose: This Decree stipulates the principles, regulations, and measures regarding the issuance, sale, repayment, management, and supervision of government bonds, to render such work effective, transparent, auditable, and fair, aiming to raise funds from domestic and foreign sources for national economic and social development in each period.
Article 2
Government bonds: Government bonds are a financial instrument issued by the Ministry of Finance on behalf of and authorized by the government, guaranteeing the repayment of principal and interest as stipulated in the bond, transferable to holders, and usable as collateral securities.
Article 3
Definition of Terms: The terms used in this Decree shall have the following meanings: 1. Bearer bonds, meaning bonds that do not record the name of the holder, which the issuer must deposit with the Securities Depository Center; 2. Registered bonds (individual bonds), meaning bonds that record the name of the holder and are issued to investors individually; 3. Listed bonds, meaning bonds that have been registered for listing on the Lao Securities Exchange for trading; 4. Currency, meaning Kip or foreign currency; 5. Prospectus, meaning information regarding the bonds to be offered, such as offering method, quantity, face value, selling price, sales period, subscription method, returns or interest rate, delivery and bond transfer conditions, as determined by the bond issuer; 6. Authorized Sales Agent Agreement, meaning the agreement between the bond issuer and the agent for selling bonds; 7. Bond Transfer Agent Agreement, meaning the agreement between the bond issuer and the Securities Depository Center for handling bond transfers and registering holder information; 8. Sales Guarantor, meaning a person authorized to guarantee the sale of bonds by assisting in sales or fully or partially underwriting unsold bonds; 9. Bond Dealer, meaning a person authorized to act as an intermediary to sell bonds on behalf of the bond issuer at actual market transaction prices; 10. Financial Advisor, meaning a company authorized to provide advice on financial management operations, business activities, etc., to prepare for the issuance and sale of bonds; 11. Legal Advisor, meaning a company authorized to provide advice on laws and regulations related to the issuance and sale of bonds; 12. Securities Depository Center, meaning the center responsible for accepting custody, registration, managing the register of bondholders, safekeeping, and handling bond transfers; 13. Credit Rating, meaning the rating of bond quality and risk, and the rating of the issuer's management operations and financial condition; 14. Fixed Interest Rate, meaning an interest rate that does not change from the bond issuance date to the maturity date; 15. Floating Interest Rate, meaning an interest rate that changes from the government bond issuance date to the redemption maturity date; 16. International Securities Identification Number (ISIN Code, ISO 6166:2006 Standard), meaning the international securities identification number determined by the International Securities Organization (International Organization for Standardization ISO), consisting of a 12-character code identifying the country, institution or company, issue number, and type of security; 17. Agent Bank, meaning a commercial bank appointed by the sales agent to act as a clearing and settlement agent in bond transactions.
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