Where are corporate bonds issued? What is the process?

Corporate bonds are bonds issued by institutions affiliated to central government departments, wholly state-owned enterprises or state-controlled enterprises, and the restrictions on issuers are narrower than those on corporate bonds.

Issue conditions

1. It has been profitable for three consecutive years before issuing bonds, and the use of raised funds conforms to the national industrial policy.

2. The accumulated bond balance shall not exceed 40% of the company's net assets; Recently, three corporate bonds issued directional loose affordable housing bonds, and the annual distributable profit was enough to pay the interest of corporate bonds for one year.

3. Where bonds are issued for technological transformation projects, the total amount of issuance shall not exceed 30% of the total investment; Infrastructure projects do not exceed 20%.

4. Obtain the decision of the company's board of directors or SASAC to apply for issuing bonds.

Interest rate level market bidding (the interest rate of 10 issued from the second half of 2006 to the first half of 2007 is generally between 4.2% and 4.8%.

The maturity of bonds is generally more than 5 years, mostly 10 years and 20 years.

Interest is paid once a year.

The issuance scale (mutual quota) shall not exceed 40% of the net assets, 60% of the total investment of the project, and not less than 654.38+0 billion yuan.

Can be purchased by domestic institutions (except those prohibited by national laws and regulations).