The characteristics of corporate bonds are as follows: 1, which is risky. 2. High rate of return. The principle of direct proportion to risk requires that corporate bonds with higher risks should provide bondholders with higher investment returns. 3. Issuers and holders can give each other certain options. 4. It embodies the creditor's rights relationship, and has no management right to the company, but it can have the priority to claim interest and claim, and distribute the remaining assets before the shareholders.
legal ground
Article 153 of the Company Law The term "corporate bonds" as mentioned in this Law refers to securities issued by a company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. The issuance of corporate bonds by a company shall conform to the issuance conditions stipulated in the Securities Law of People's Republic of China (PRC).