(1) Interest rate level of bank demand savings deposits in the same period. During the same period, the bank deposit interest rate is the lower limit of the corporate bond interest rate.
(2) State regulations on bond interest rates. The current "Measures for the Administration of Corporate Bonds" stipulates that the interest rate of corporate bonds shall not be higher than 40% of the bank's resident time deposit interest rate for the same period. This is the upper limit of corporate bond interest rate.
(3) The affordability of the issuing company. In order to ensure the repayment of principal and interest at maturity and the credit standing of the issuing company, it is necessary to make economic benefits of the investment project and live within our means. The expected return on investment of investment projects is the basic decision-making factor of bonds.
(4) the credit rating of the issuing company. If the issuer has a high social reputation and good credit, it can lower the interest rate accordingly, otherwise it can raise the interest rate accordingly.
(5) Other conditions for bond issuance. If the bonds issued are accompanied by mortgage, guarantee and other guarantee clauses, the interest rate can be appropriately reduced, otherwise it should be appropriately increased.
(6) Interest rates of other bonds, bond market conditions and national financial policies.
Legal basis: Article 155 of the Company Law of People's Republic of China (PRC). Where a company issues corporate bonds in the form of physical bonds, the company name, bond face value, interest rate, repayment period and other matters must be clearly stated on the bonds, which shall be signed by the legal representative and sealed by the company.