What company can issue bonds?

Companies that can issue bonds are joint-stock companies with net assets of not less than 30 million yuan and limited liability companies with net assets of not less than 60 million yuan; And its net assets are not less than 30 million yuan.

legal ground

Article 15 of the Securities Law of People's Republic of China (PRC)

The public offering of corporate bonds shall meet the following conditions:

(1) Having a sound organizational structure;

(2) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year;

(3) Other conditions stipulated by the State Council.

The funds raised by the public offering of corporate bonds must be used for the purposes listed in the Measures for Raising Corporate Bonds; Any change in the use of funds must be decided by the bondholders' meeting. The funds raised from the public offering of corporate bonds shall not be used to cover losses and unproductive expenditures.

When a listed company issues corporate bonds that can be converted into shares, it shall comply with the provisions of the second paragraph of Article 12 of this Law in addition to the conditions stipulated in the first paragraph. However, according to the way of raising corporate bonds, unless a listed company converts corporate bonds by buying its own shares.