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 total amount of accumulated bonds shall not exceed 40% of the net assets.
3. The company's 3-year average distributable profit is enough to pay the interest of corporate bonds 1 year.
4. The investment of 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.
6. Other conditions.
Extended data:
Bonds are securities issued by debtors such as governments, enterprises and banks in accordance with legal procedures in order to raise funds and promise creditors to repay the principal and interest on a specified date.
Bond/debenture is a kind of financial contract, which is a debt certificate issued to investors when the government, financial institutions and industrial and commercial enterprises directly borrow money from the society and promise to pay interest at a certain interest rate and repay the principal according to the agreed terms. The essence of bonds is the proof of debts, which has legal effect. There is a creditor-debtor relationship between bond buyers or investors and issuers. Bond issuers are debtors and investors (bond buyers) are creditors.
Bond is a valuable security. Because the interest of bonds is usually determined in advance, bonds are a kind of fixed-interest securities. In countries and regions with developed financial markets, bonds can be listed and circulated. In China, the typical government bonds are short-term treasury bills.
References:
Baidu encyclopedia-bonds