Vietnam eases corporate bond regulations

HANOI: Vietnam amended its corporate bond regulations on Sunday, the government said, in a move to ease pressure on issuers facing a credit crunch.

Domestic bond issuers can now negotiate with bond holders to make their principal and interest payments in assets, instead of only cash, according to a government decree issued on Sunday.

The amended regulations also allow issuers to extend the maturities of the bonds by up to two years, the government said.

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According to the decree, bonds issued to the public will not be subject to compulsory credit ratings at least until the end of this year, it added.