What are the conditions for enterprises to issue bonds?

What are the conditions for enterprises to issue bonds? According to the Company Law, the main bodies of bond issuance in China are corporate enterprises and state-owned enterprises. The conditions for an enterprise to issue bonds are as follows

1. The net assets of a joint stock limited company are more than 30 million yuan, and the net assets of a limited liability company are more than 60 million yuan.

2. The total amount of accumulated bonds shall not exceed 40% of the net assets.

3. The average profit of the company for three years is enough to pay the interest of corporate bonds 1 year.

4. The raised funds are in line with the national industrial policy.

5. The bond interest rate shall not exceed the interest rate level stipulated by the State Council.

6. Other conditions.