Legal analysis: make a resolution or decision. For joint stock limited companies and limited liability companies, the board of directors shall formulate plans for issuing corporate bonds, submit them to the shareholders' meeting for deliberation and resolution, and then apply for approval. The issuance of corporate bonds by a wholly state-owned company shall be decided by the state-authorized investment institution or the state-authorized department. Make an application. A company shall file an application for issuing corporate bonds with the securities administration department of the State Council, and submit the company registration certificate, articles of association, methods for raising corporate bonds, asset appraisal report and capital verification report. Approved by the competent department. The securities management department of the State Council examines the application for issuing corporate bonds submitted by the company and approves those that meet the requirements of the Company Law; Those that do not meet the requirements shall not be approved. Sign an underwriting agreement with a securities company. Announce the measures for raising corporate bonds. Subscribe for corporate bonds. Subscription of corporate bonds by the public is called subscription. You can fill in the subscription book first and then fulfill the obligation to pay the money on time, or you can pay cash on the spot. When the subscriber pays the full price, the issuer is obliged to deliver the corporate bonds upon receipt of the price.
Legal basis: Article 161 of the Company Law of People's Republic of China (PRC), a listed company may issue corporate bonds convertible into shares upon the resolution of the shareholders' meeting, and the specific conversion method is stipulated in the Measures for Raising Corporate Bonds. When a listed company issues corporate bonds that can be converted into shares, it shall report to the the State Council Securities Regulatory Authority for approval. When issuing convertible corporate bonds, the words convertible corporate bonds shall be marked on the bonds, and the amount of convertible corporate bonds shall be stated in the corporate bond stub book.