National debt is a creditor-debtor relationship formed by the state on the basis of its credit and in accordance with the general principles of bonds by issuing bonds to the society to raise funds.
Corporate bonds are securities issued by domestic enterprises with legal personality in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time.
2. Different themes
Corporate bonds are generally issued by institutions affiliated to the central departments, wholly state-owned enterprises or state-controlled enterprises, and are finally approved by the National Development and Reform Commission.
National debt is a kind of government bond issued by the central government to raise financial funds. It is a creditor's rights and debt certificate issued by the central government to investors, promising to pay interest and repay the principal within a certain period of time. Because the issuer of national debt is the country, it has the highest credit and is recognized as the safest investment tool.
2. Different characteristics
Corporate bonds are bonds issued according to the specific needs of enterprise management. Its main uses include investment in fixed assets, technical transformation, improvement of the company's capital source structure, adjustment of the company's asset structure, reduction of the company's financial cost, and support for company mergers and acquisitions and asset restructuring.
The creditors of national debt can be citizens, legal persons or other organizations at home and abroad, or the government and international financial organizations of a certain country or region, while the debtors can only be countries.
Baidu Encyclopedia-Corporate Debt
Baidu encyclopedia-national debt