What are the issuers of corporate bonds and corporate bonds respectively?

Corporate bonds refer to securities issued by companies in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time, with the company as the main body. Corporate bonds refer to securities issued by enterprises in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. The subject of application is bonds issued by enterprises with legal personality in China. From an analytical point of view, the main differences between corporate bonds and corporate bonds are as follows:

First, the difference between issuers. Corporate bonds are bonds issued by joint stock limited companies or limited liability companies, and non-corporate enterprises may not issue corporate bonds. The issuers of corporate bonds are institutions, wholly state-owned enterprises and state-controlled enterprises where the central government departments are located.

Second, the issue conditions. The conditions for issuing corporate bonds are relatively relaxed.

Third, in terms of guarantee, corporate bonds are unsecured, and corporate bonds need bank or group guarantees.

Fourth, there are also significant differences in the issue pricing between the two. The final pricing of corporate bonds is determined by the issuer and the sponsor institution through market inquiry, and the interest rate ceiling of corporate bonds requires that the bond issuance rate should not be higher than 40% of the bank deposit rate in the same period.

Fifth, in the issue state, corporate bonds can be approved at one time and issued many times. Corporate bonds are generally required to be issued within one year after approval.