2065438+July 9, 2009, the National Development and Reform Commission issued the Notice on Relevant Requirements for the Registration of Overseas Debt Issuance by Real Estate Enterprises (No.778 of the Foreign Investment Office of Development and Reform [2065438+09]), which restricted the issuance of overseas real estate bonds: the foreign debts issued by real estate enterprises can only be used to replace the medium and long-term overseas debts due in the next year.
Real estate enterprises should strengthen information disclosure when issuing foreign debts, and clarify the use of funds in the prospectus and other documents.
Development and Reform Commission issued four requirements
First, the foreign debts issued by real estate enterprises can only be used to replace the medium and long-term overseas debts due in the next year.
Second, real estate enterprises should list the detailed information of the overseas debt to be replaced in the application materials for foreign debt filing and registration, including the debt scale, term and filing and registration. And submit the Letter of Commitment on the Authenticity of Foreign Debt Issuance of Enterprises.
Third, real estate enterprises should strengthen information disclosure when issuing foreign debts, and clarify the use of funds in the prospectus and other documents.
Fourth, real estate enterprises should formulate a master plan for issuing foreign debts, make overall consideration of factors such as exchange rate, interest rate, currency and asset-liability structure of enterprises, carefully select financing tools, and flexibly use financial products such as currency swap, interest rate swap, forward foreign exchange transaction, options and swaps.
Reasonably hold foreign exchange positions, maintain a reasonable proportion of foreign debts of domestic parent companies and overseas branches, RMB foreign debts and foreign currency foreign debts, short-term foreign debts and medium-and long-term foreign debts, and domestic debts and foreign debts, and effectively prevent and control foreign debt risks.