First, the definition of corporate bonds
Corporate bonds Corporate bonds refer to bonds issued by enterprises, which are an important means of financing for enterprises and an important asset class for investors. Corporate bonds The issuers of corporate bonds can be listed companies, unlisted companies, government agencies and financial institutions.
Second, the issuance process of corporate bonds
The issuance process of corporate bonds mainly includes the following steps:
1. Application for issuing corporate bonds: The issuer needs to submit an application for issuing corporate bonds to the issuance supervision institution, and the application needs to provide information such as the issuer's basic information, issuance plan and issuance price.
2. Issuance review: The issuance supervision institution reviews the application for issuance of corporate bonds submitted by the issuer, and the issuer can formally issue corporate bonds after the approval.
3. Issuance publicity: Issuers need to publicize corporate bonds to attract investors to buy corporate bonds.
4. Issuance transaction: Issuers can issue corporate bonds through stock exchanges or non-public offerings, and investors can purchase corporate bonds through stock exchanges or non-public offerings.
Three. Matters needing attention for investors to invest in corporate bonds
1. Know the issuer: When investing in corporate bonds, investors should first know the issuer's basic information, including the issuer's assets and liabilities, operating conditions and profitability, so as to know the issuer's solvency.
2. Understand the issuance plan: When investing in corporate bonds, investors must first understand the issuance plan, including the issuance period, issuance price and circulation. , so as to understand the issuer's intention to issue.
3. Understand the market conditions: When investing in corporate bonds, investors should first understand the market conditions, including bond yields and bond liquidity, so as to understand the risks of investing in corporate bonds.
Fourth, summary.
Corporate bonds Corporate bonds are an important means of corporate financing and an important asset class for investors. The issuance process of corporate bonds mainly includes issuance application, issuance review, issuance publicity, issuance transaction and other steps. When investing in corporate bonds, investors should first understand the basic situation of issuers, issuance plans and market conditions, so as to understand the risks of investing in corporate bonds.