2. Apply for issuance. After a company makes a resolution or decision to issue corporate bonds, it must submit the required application documents to the department authorized and approved by the State Council in accordance with the conditions stipulated in the Company Law, and the submitted application documents must be true, accurate and complete. The application documents submitted to the authorized department of the State Council include: company registration certificate and articles of association. Measures for raising corporate bonds, asset evaluation report and capital verification report.
3. Approve the issuance of corporate bonds. The department authorized by the State Council is responsible for approving the issuance of corporate bonds in accordance with legal conditions, and the department shall make a decision within three months from the date of accepting the application documents for corporate bond issuance; If it is not approved, it shall explain the reasons.
4. Announce the method of raising funds.
After the application for issuing corporate bonds is approved, the measures for raising bonds shall be announced; The measures for raising funds shall specify the following items:
(1) company name; (2) The total amount of bonds and the par value of bonds. (3) Bond interest rate. (4) The time limit and method for repaying the principal and interest; (5) the commencement and termination dates of bond issuance. (6) The net assets of the company. (7) The total amount of corporate bonds issued but not yet due. (8) Corporate bond underwriting institutions.
5. Matters specified in corporate bonds. When issuing corporate bonds, the company name, face value, interest rate, repayment period and other matters must be stated on the bonds, which shall be signed by the chairman and sealed by the company.
6. Corporate bond stub book. When issuing corporate bonds, a company shall prepare a corporate bond stub book. To issue registered bonds, the following items shall be stated in the corporate bond stub book: (1) the name and domicile of the bondholder; (2) The date when the bondholder obtained the bond and the serial number of the bond. (3) The total amount of bonds, the par value of bonds, the interest rate of bonds, and the time limit and method for repaying the principal and interest of bonds; (4) Date of issuance of bonds.
7. Correct the misconduct in the issuance. If the department authorized by the State Council finds that the decision to approve the issuance of corporate bonds does not conform to the provisions of laws and administrative regulations, it shall be revoked; If it has not been issued, it will stop issuing; Where corporate bonds have been issued, the issuing company shall refund the subscribed amount to the subscribers, and pay the bank deposit interest for the same period.
It is illegal for a company to issue bonds and stipulate that the accumulated balance of bonds has exceeded 40% of the company's net assets. The interest rate of bonds is uniformly stipulated in the State Council, and when issuing bonds, the requirements for the company's net assets are also very different, except for meeting the conditions stipulated by the state for issuing bonds according to law.
Legal basis: According to Article 16 of the Securities Law of People's Republic of China (PRC), to apply for public issuance of corporate bonds, the following documents shall be submitted to the department authorized by the State Council or the securities regulatory agency of the State Council:
(1) Business license of the company;
(2) Articles of association;
(3) Measures for raising corporate bonds.
(4) Other documents as prescribed by the authorized department of the State Council or the securities regulatory authority of the State Council.
Where a sponsor is hired in accordance with the provisions of this law, a letter of recommendation for issuance issued by the sponsor shall also be submitted.