(1) has a sound organizational structure;
(2) It has sustained profitability and is in good financial condition;
(3) There are no false records in the financial accounting documents in the last three years, and there are no other major illegal acts;
(4) Other conditions as stipulated by the the State Council Securities Regulatory Authority approved by the State Council.
(5) The net assets of a joint stock limited company are not less than 30 million yuan, and the net assets of a limited liability company are not less than 60 million yuan;
(6) The accumulated bond balance shall not exceed 40% of the company's net assets;
(seven) the average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year;
(8) The investment of the raised funds conforms to the national industrial policy;
(9) The bond interest rate shall not exceed the interest rate level stipulated by the State Council;
(10) Other conditions stipulated by the State Council.
legal ground
Article 16 of the Securities Law stipulates that the public offering of corporate bonds shall meet the following conditions:
(a) the net assets of a joint stock limited company are not less than 30 million yuan, and the net assets of a limited liability company are not less than 60 million yuan;
(2) The accumulated bond balance does not exceed 40% of the company's net assets;
(3) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year;
(4) The investment of the raised funds conforms to the national industrial policy;
(5) The bond interest rate shall not exceed the interest rate level stipulated by the State Council;
(six) other conditions stipulated by the State Council.
The funds raised from the public offering of corporate bonds must be used for approved purposes, and 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 not only meet the conditions stipulated in the first paragraph, but also meet the conditions for public offering of shares in this Law, and report to the the State Council Securities Regulatory Authority for approval.