Announcement of financing needs of listed companies. The only requirement for listed companies is that all funds should be made public. It is necessary to issue an announcement as required, which is not only the need of enterprise development and standardization, but also to ensure shareholders' right to know, and to ensure that the financing process conforms to legal norms, which is also very helpful for smooth financing.
Financing of listed companies is very common, and there are many financing methods, but no matter which financing method is chosen, it must meet the requirements. Financing is a major event, and some people can't help asking, do listed companies need to make an announcement in financing? Of course, it must be announced, which involves not only the interests of the company, but also the interests of many shareholders and shareholders. However, how should the financing of listed companies proceed? The following small series will lead you to learn more about it.
1. Does the financing of listed companies need to be announced?
Of course, the financing of listed companies needs to be announced. The only requirement for listed companies is that all funds should be made public.
2. What are the financing methods of listed companies?
internal capital
Because financing is carried out within the company, there is no need to actually pay interest or dividends outside, which will not reduce the company's cash flow; At the same time, because the funds come from inside the company, there is no financing cost, so the cost of internal financing is much lower than that of external financing.
External financing
The normal production and operation activities of the company and the expansion of production capacity all need a lot of funds to support them. In addition to internal capital, a considerable part of these funds have to rely on external financing. External financing of listed companies can be divided into debt financing methods of borrowing from financial institutions and issuing corporate bonds; Equity law of allotment and issuance of new shares; Semi-equity and semi-debt issuance of convertible bonds.
1. Bank loan is the main way of debt financing at present. Its advantages are relatively simple procedures, relatively low financing costs and strong flexibility. As long as the enterprise benefits well and financing is easy, its disadvantages are that it generally needs mortgage or guarantee, the financing amount is limited, the pressure of repayment and interest payment is high, and the financial risk is high.
2. Corporate bonds refer to the creditor's rights and debt certificates issued by the company and promised to repay the principal and interest within a certain period of time. It embodies the behavior between the debtor and the creditor. Bonds are essentially the relationship between borrowing money and paying back money, but the fundamental difference between bonds and loans is that bonds can be publicly traded. Loans are not publicly traded unless they are bonds. Compared with equity financing, the financing cost of bond financing is lower, which can play the role of financial leverage and ensure the control of equity over the company. However, it has similar shortcomings to bank loans, that is, high financial risk, many restrictions and limited financing scale. For companies with capital, bond financing and bank loans have similar characteristics, which are generally called debt financing.
3. Equity financing refers to the company issuing shares for financing. For listed companies, the funds raised by issuing stocks belong to company capital; For shareholders,
Can't companies that want to go public get loans?
Companies that want to go public can have loans.
Loans provided by banks for joint ventures to be listed can be roughly divided into medium and long-term loans and bridge loan. The term of medium and long-term loans is usually 3-5 years, and it is expected to survive or partially survive until the maturity date after the listing of JV; The purpose of bridge loan is only to meet the short-term capital demand of JV before listing in 1-2.
Therefore, in the case of JV as a borrower, an early repayment ratio (usually between 20% and 50% of the loan amount) is usually agreed in the financing documents of medium and long-term loans. When JV goes public, it will be forced to use part of the obtained funds to repay in advance, and the remaining loans will continue to be repaid after listing, and JV will continue to repay according to the corresponding repayment schedule. Accordingly, bridge loan usually requires JV to repay the bank loan in full in advance when it goes public, so as to realize the withdrawal of the bank.
When banks issue loans to listed companies,
When banks issue loans to listed companies, the most critical issue is how to price the loans. Before granting credit to group customers, commercial banks should fully grasp the debt information, related party information, internal and external guarantee information, litigation situation and other major issues of group customers through legal channels such as inquiring about loan card information, so as to prevent excessive credit granting to group customers.
Loan interest rate of listed companies in Shanghai
Hello, the loan interest rate of listed companies in Shanghai generally depends on the market situation and the company's credit status. The loan interest rate of listed companies in Shanghai generally ranges from 5%- 12%, and the specific interest rate can be determined according to the company's credit status and market conditions. The higher the general loan interest rate, the worse the company's credit status, and vice versa. In addition, the loan interest rate of listed companies in Shanghai is also influenced by the policies of banks and financial institutions, so the specific interest rate may change.
With a lot of money, why do listed companies still borrow money from banks?
There is always more cash because of doing business. If they are all bank loans, then the company's asset-liability ratio is too high, and interest will swallow you up. If they are all equity financing, new projects, new products and new market financing, the original shareholders will be heartbroken and worried that the equity will be diluted for a while and then acquired. Generally, you borrow money first, and then raise equity financing if it is not enough. The direct financing and indirect financing of this kind of enterprise complement each other, and it is a pizza with bread and meat. There are other benefits of listing, such as the circulation of equity, and you need money to pledge equity or something; Stocks are liquid and can be realized. In addition, listed companies are generally more transparent than non-listed companies, with better default qualifications and lower interest rates for issuing bonds or lending.
1. A listed company is a company limited by shares. In addition to examination and approval, the company must meet certain conditions for listing on the stock exchange. Literally, a listed company refers to a joint stock limited company whose shares are listed and traded on the stock exchange with the approval of the securities management department authorized by the State Council or the State Council. After a listed company lists its securities and stocks on the stock exchange, the public can freely buy and sell related securities and stocks according to the rules of each exchange, and the public who buys stocks becomes the shareholders of the company and enjoys rights and interests. After the revision of the Company Law and the Securities Law, more enterprises will become listed companies and companies whose corporate bonds are listed and traded. A joint stock limited company can be a non-listed company and has the general characteristics of a joint stock limited company, such as shareholders' limited liability, ownership and management rights. Shareholders participate in company decision-making by electing the board of directors and voting.
2. Banks are legally established financial institutions engaged in monetary and credit business, which are the products of the development of commodity monetary economy to a certain stage. Banks are one of the financial institutions. Banks are divided into central banks, policy banks, commercial banks, investment banks and the World Bank, with different responsibilities. The word "bank" comes from Banca, Italy. Its original meaning is bench and chair, which is the business appliance of the earliest money changer in the market. English translation into Bank means the cabinet for saving money. In China, it is called "bank" because of the history of China's economic development. In the history of our country, silver has always been one of the main monetary materials. "Silver" often represents money, while "bank" is the title of large commercial organizations. Calling a large financial institution dealing with money a bank was first seen in the Book of History by Hong Ren of the Taiping Heavenly Kingdom.
This is the result of introducing bank loans to listed companies and listed companies lending to banks. I wonder if you have found the information you need?