The public issuance of corporate bonds must be approved by the China Securities Regulatory Commission, but it can be approved at one time and issued by stages.
The number of initial issues shall not be less than 50% of the total number of issues, and the remaining issues shall be determined by the company itself and reported to the CSRC for filing within 5 working days after the end of each issue.
The issuer shall complete the initial issuance within 65,438+02 months from the date of approval of the issuance by the China Securities Regulatory Commission, and the remaining amount shall be completed within 24 months.