1. The net assets of a joint stock limited company shall not be less than 30 million yuan, and the net assets of a limited liability company shall not be less than 60 million yuan;
2. The accumulated balance of corporate bonds after this issuance shall not exceed 40% of the net assets at the end of the latest period; The accumulated corporate bond balance of financial companies is calculated according to the relevant provisions of financial companies;
3. The company's production and operation comply with the provisions of laws, administrative regulations and the company's articles of association, and the investment of raised funds conforms to the national industrial policy;
4. The average annual distributable profit realized in the last three fiscal years shall not be lower than the interest of corporate bonds 1 year;
5. The bond interest rate shall not exceed the interest rate level stipulated by the State Council;
6. The company's internal control system is sound, and there are no major defects in the integrity, rationality and effectiveness of the internal control system;
7. The credit rating agency has a good credit rating on the bond.
Two. Ways of issuing corporate bonds:
Distribution methods mainly include:
1. Private placement. That is, the issuing company issues corporate bonds directly to specific investors, and some domestic enterprises often choose this way to issue corporate bonds to internal employees.
2. Public offering. That is, the issuing company issues corporate bonds to the public. In this case, the identity of investors is generally unrestricted.
Legal basis: Article 16 of the Measures for the Administration of Issuance and Trading of Corporate Bonds. The public offering of corporate bonds shall comply with the relevant provisions of the Securities Law and the Company Law and be approved by the China Securities Regulatory Commission.
Article 15 of the Measures for the Administration of Issuance and Trading of Corporate Bonds: When issuing corporate bonds publicly, the raised funds shall be used for the approved purposes; In the case of non-public issuance of corporate bonds, the funds raised shall be used for the agreed purposes. Except for financial enterprises, the raised funds shall not be lent to others.