How is the issue price of corporate bonds determined?

The price or interest rate of public offering of corporate bonds shall be determined by market-oriented methods such as inquiry or public bidding. If inquiry is adopted, the underwriting institution and the issuer will make inquiry, negotiate to determine the issue price or interest rate range, and determine the final issue price or interest rate through bookkeeping. Bookkeeping filing means that after the underwriting institution and the issuer negotiate to determine the price or interest rate range, they release the issuance documents to the market, and the bookkeeper records the price or interest rate of the corporate bonds subscribed offline and the number of investors' wishes, and follows the principles of fairness, justice and openness, and determines the final issue price or interest rate according to the agreed pricing and placing methods and places them. The pricing and issuance method of non-public issuance of corporate bonds shall be determined by the underwriting institution and the issuer through consultation. In the process of pricing, underwriting institutions and issuers shall not manipulate the issue pricing or operate in a black box; Do not seek illegitimate interests or transfer interests to other relevant stakeholders through entrustment or trust; Not directly or through its stakeholders to provide financial assistance to investors participating in the subscription;