Corporate bonds are bonds issued by enterprises with legal personality in China; Key enterprise bonds are bonds issued to enterprises and institutions by national key enterprises in the industries of electric power, metallurgy, nonferrous metals, petroleum and chemical industry; Interest-bearing corporate bonds are medium-term bonds with interest-bearing coupons with a term of about 5 years; Certificate of deposit corporate bonds with principal and interest are issued at a low price with a term of 1 ~ 5 years, and the principal and interest are paid in one lump sum.
Most of the bonds issued by local enterprises are such bonds; Product quota corporate bonds are bonds that the issuing enterprise pays interest according to the equivalent value of its products and repays the principal at maturity; Corporate short-term financing bonds are short-term bonds with a maturity of 3-9 months, which are issued to the society to alleviate the liquidity shortage caused by tight money supply. This bond can be transferred after it is issued.
Legal basis:
Provisional Regulations on the Administration of Enterprise Bonds Article 5 The term "enterprise bonds" as mentioned in these Regulations refers to securities issued by enterprises in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time.
Derivative problem:
The difference between corporate bonds and corporate bonds
Corporate bonds are bonds issued by joint stock limited companies or limited liability companies, which are clearly stipulated in the securities law. Therefore, an unincorporated enterprise may not issue corporate bonds. The enterprise is approved and issued by the National Development and Reform Commission, but the full name of the bond is also called XXX corporate bond 20 1X year.
Corporate bonds are bonds issued by companies according to the specific needs of enterprise management. Its main uses include investment in fixed assets, technical transformation, improvement of the company's capital source structure, adjustment of the company's asset structure, reduction of the company's financial cost, and support for company mergers and acquisitions and asset restructuring.
However, the use of funds raised by corporate bonds is mainly limited to fixed assets investment and technological innovation and transformation, which is directly related to projects approved by government departments.