The conditions for issuing corporate bonds are as follows: Bond issuance conditions refer to the relevant factors that bond issuers must consider when raising funds in the form of bonds, including issue amount, face value, term, repayment method, coupon rate, interest payment method, issue price, issue cost, tax effect and whether there is guarantee. Bonds are creditor's rights and debt certificates that the government, financial institutions, industrial and commercial enterprises and other institutions want to issue to investors when they directly borrow money from the society to raise funds, and promise to pay interest at a certain interest rate and repay the principal according to agreed conditions. The essence of a bond is a certificate of debt, which has legal effect. There is a bond-debt relationship between bond buyers and issuers, the issuer is the debtor and the investor (or bondholder) is the creditor.
Legal objectivity:
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) It has 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.