1. issuer qualification: the company needs to have certain qualifications and conditions, such as good credit record, stable operating conditions and profitability. Issuers usually need to provide certain financial statements, business plans and legal documents in accordance with regulations to prove their ability and qualification to issue bonds.
2. Credit rating: Bond credit rating is an important indicator to measure bond risk and credit degree. Issuers need to entrust professional credit rating agencies to rate bonds to help investors evaluate the risks and benefits of bonds. Generally speaking, the higher the credit rating, the lower the issuance cost of bonds, and vice versa.
3. Issuance scale: The issuance scale refers to the total amount of bonds issued by the company at one time. The issuance scale needs to comply with relevant regulations. For example, some countries and regions have minimum or maximum restrictions on the issuance scale of bonds. The issuance scale will also affect the liquidity and trading activity of bonds.
4. Issue period: The issue period of bonds refers to the time from the issue date to the maturity date of bonds. The issue period can affect the interest rate and risk of bonds, as well as the cash flow arrangement of issuers and investors.
5. Issue price: The bond issue price refers to the price determined by the issuer when issuing bonds. The bond price is influenced by many factors, such as interest rate, credit rating, issue period and market demand. The issue price needs to conform to the market rules in order to attract investors to subscribe.
6. Interest rate and interest payment method: The interest rate of a bond refers to the ratio of the interest paid by the issuer to the face value of the bond. The interest rate level is influenced by many factors, such as market interest rate, credit rating, issuance period and so on. The method of interest payment usually refers to the frequency and date when bond issuers pay interest to investors, such as annual, semi-annual or quarterly interest payment.
7. Guarantee: In some cases, the bond issuer may need to provide certain guarantee to ensure the timely payment of bond principal and interest. Guarantee can take many forms, such as third-party guarantee, asset mortgage, credit derivatives and so on.
These issuance conditions help to ensure the stable and orderly operation of the bond market and protect the interests of investors. When issuing bonds, companies need to carefully evaluate these conditions to ensure that they meet regulatory requirements and market expectations.