1, the company has a sound organizational structure and runs well;
2. The average distributable profit in the past three years can pay the interest of corporate bonds for one year;
3. The raised funds shall be used according to the listed purposes;
4. Other conditions stipulated by the State Council.
(1) The net assets of a joint stock limited company shall not be less than RMB 30 million, and the net assets of a limited liability company shall not be less than RMB 60 million;
(2) The accumulated bond balance shall not exceed 40% of the company's net assets;
(3) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year;
(4) The investment of the raised funds conforms to the national industrial policy;
(5) The bond interest rate shall not exceed the interest rate level stipulated by the State Council;
(six) other conditions stipulated by the State Council.
Legal basis: Article 15 of the Securities Law of People's Republic of China (PRC) shall meet the following conditions for public issuance of corporate bonds:
(1) Having a sound organizational structure;
(2) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year;
(3) Other conditions stipulated by the State Council.
The funds raised by the public offering of corporate bonds must be used for the purposes listed in the Measures for Raising Corporate Bonds; Any change in the use of funds must be decided by the bondholders' meeting. The funds raised from the public offering of corporate bonds shall not be used to cover losses and unproductive expenditures.