1, issuer difference
Corporate bonds: bonds issued by joint stock limited companies or limited liability companies.
Corporate bonds: bonds issued by institutions affiliated to central government departments, wholly state-owned enterprises or state-controlled enterprises, with narrower restrictions on issuers than corporate bonds.
2. Issue pricing
Corporate bonds: determined by the issuer and the sponsor through market inquiry.
Corporate bonds: the interest rate ceiling requires that the interest rate for issuing bonds should not be higher than 40% of the bank deposit interest rate in the same period.
3. Distribution system
Corporate bonds: approval system. It is audited by the CSRC, and there is no limit to the overall issuance scale.
Corporate bonds: auditing system. The National Development and Reform Commission conducts an audit, and the National Development and Reform Commission will set a certain amount of issuance every year.
4. Difference of bond issuance amount
Corporate bonds: the minimum amount is about 6.5438+0.2 million yuan and 24 million yuan.
Corporate bonds: the amount of bonds issued is not less than 654.38 billion yuan.
5. Distribution status
Corporate bonds: can be approved at one time and issued multiple times.
Corporate bonds: they must be issued within one year after approval.
Extended data
Corporate bonds are an important means of external financing for enterprises, an important source of financing for enterprises and one of the important financial instruments in the financial market.
If corporate bonds are differentiated according to their own conditions, there are differences in whether they are registered, whether they participate in profit distribution, and whether they can be redeemed in advance.
According to the purpose of issuance, corporate bonds can be divided into ordinary corporate bonds, restructured corporate bonds, interest-bearing corporate bonds and deferred corporate bonds; If it is divided according to whether the issuer gives the holder the right to choose, there are rights attached and rights not attached.
References:
Baidu encyclopedia-corporate bonds