Advantages: the cost of capital is relatively low, and the use of financial leverage to obtain income ensures the control of the company and is conducive to the adjustment of the company's internal structure; 2. Disadvantages: High financial risk. There are many restrictions on issuing bonds, which are not conducive to the development of the company's fund-raising ability in the later period. These are the pros and cons of issuing bonds. Bonds and stocks are both effective ways for companies to raise funds. In the financial market, they are very important tools, which are essentially capital security. Shareholders can use stocks as holding certificates and get certain dividends and bonuses.