How do investors get their money back when the bond offering is cancelled?

According to Clause 3, Article 28 of the Law on Securities in 2019, it stipulates that:

Within 07 working days since the date offering securities is cancelled, the organization publisher must announce the cancellation as specified in Clause 3, Article 25 of this Circular and withdraw issued securities as well as return money to investors within 15 days since the cancellation date. At the end of this period, the issuer must compensate the investor for damage according to the terms committed to the investor.

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Therefore, when canceling the bond offering, the bond issuer must announce this cancellation to the public on an electronic newspaper or in three consecutive printed newspaper within 07 days.

Concurrently, the bond issuer must also withdraw the issued securities and return the money to investors within 15 days from the date the offering is cancelled.

In addition to returning money to investors, the issuer must also compensate investors for damage according to the committed terms at the end of this period.

Investors will receive their money back as follows:

- For contract that has not matured: The investor's investment will be refunded as soon as possible.

- For contract that has not matured: Expeditiously coordinate with state management agencies, work with the issuer and the asset management bank to handle and return on customer based on the competent authorities's instruction and direction in the spirit of goodwill and compliance with the provisions of the law.